Morningstar - HK Electric Investments HK Electric Investments Ltd. (02638) Favourable Development Plan Reflects Consistent Regulatory Regime for HK Electricity Utilities

Report

Morningstar

Michael Wu

Favourable Development Plan Reflects Consistent Regulatory Regime for HK Electricity Utilities

We believe the approval of the latest development plan by the executive council of the Hong Kong government is a positive for electricity utilities CLP and Hong Kong Electric Investment, or HKEI. The development plan covers upcoming capital investments for the two utilities between Oct. 1, 2018, and Dec. 31, 2023, and allows the two operators to achieve several initiatives, including reducing carbon emissions and securing natural gas supply through the construction of an offshore liquefied natur...

04/07/2018 12 EN

Underlying

HK Electric Investments & HK Electric Investments Ltd.

HK Electric Investments is an investment trust based in Hong Kong. Co. maintains an investment focus on the power industry. Co.'s operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. Co. conducts is operations through its principal operating subsidiary, The Hongkong Electric Company (HEC). HEC's power generation facility is the Lamma Power Station which has an aggregate installed capacity of 3,737 megawatt (MW). Co. provides electricity to 575,000 registered customers on Hong Kong Island and Lamma Island.

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HK0000179108 Hong Kong Stock Exchange Cayman Islands

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Michael Wu

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Favourable Development Plan Reflects Consistent Regulatory Regime for HK Electricity Utilities

An unfavourable environment weighs on HK ELECTRIC INVESTMENTS, which sees a downgrade to Neutral

UAFRS vs As Reported Weekly Highlights - Asia - 2020 05 01

Morningstar | Ceasing Coverage on HK Electric Investments

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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