HK Electric Investments & HK Electric Investments (HK:2638) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
HK Electric Investments has made significant strides in the transition to green energy, retiring coal-fired units and introducing new gas-fired ones in alignment with their 2024 – 2028 Development Plan. The company reported stable financial results with an EBITDA of HK$3,989 million and a consistent interim distribution to Share Stapled Unit holders. Key initiatives include the construction of a new 380-MW gas-fired unit and the deployment of smart meters, aiming for a coal-free operation by 2035.
For further insights into HK:2638 stock, check out TipRanks’ Stock Analysis page.