CLP Holdings Ltd (2.xhkg)

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CLP Holdings Ltd (2.xhkg) Profile

CLP Holdings Ltd (2.xhkg) is an electricity company headquartered in Hong Kong, China. The core business of the company remains the generation, transmission and retailing of electricity and is one of the two main electricity power generation companies in Hong Kong, providing a highly-reliable supply of electricity to 80 per cent of Hong Kong’s population and employing nearly 9100 people. CLP power stations are in Australia through EnergyAustralia, India, Mainland China, Southeast Asia and Taiwan. CLP Holdings Ltd is the holding company for the CLP Group, one of the largest investor-owned power companies in the Asia Pacific region with a diversified portfolio of generating assets using a wide range of fuels, including gas, coal, nuclear and renewable sources. CLP Holdings Ltd stock (2.xhkg) is listed on the Stock Exchange of Hong Kong (SEHK), had a $23.4B (USD) as of December 2021, and a $23.4B (USD) 2021 in yearly revenues. Through its subsidiary EnergyAustralia, CLP Holdings approved a $213M (USD) expansion of its gas-fired Tallawarra power station and will be operating in time for the summer of 2023-2024. EnergyAustralia offered to buy 200,000 kilograms of green hydrogen annually for the 300 megawatts (MW) plant from 2025.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
04:30-7:00
08:00-11:00
Mon
04:30-7:00
08:00-11:00
Tue
04:30-7:00
08:00-11:00
Wed
04:30-7:00
08:00-11:00
Thu
04:30-7:00
08:00-11:00
Sun
Closed
Sat
Closed

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 7062

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