–Robust 3Q23 power generation; controlling shareholder’s share increase plan demonstrates confidence
Share award scheme and shareholding increase plan bolster confidence amid conserv
1H24 VNB beat with margin recovery; expect total >US$7bn cash returns to shareholders in FY24
Subpar growth target but good corporate governance practice could stabilize shareholders’ return
–Remain committed to enhance shareholder returns
US$2bn share buybacks brace for sustainable shareholders return; supportive to HK liquidity