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Deutsche Bank: Downgrades CHINA RES GAS Target Price to 24 HKD, rating "Hold".
Deutsche Bank released a Research Report stating that CHINA RES GAS (01193) saw its net profit drop 22% year-on-year to 4.1 billion HKD last year, while core profit remained flat at 4.1 billion HKD, which was below expectations, mainly due to weak operational performance in the second half of last year. The group aims to increase residential gas connections by 2.3 million to 2.5 million this year, and after discussions with real estate developers, management believes that the new gas connection business may stabilize next year. The bank has downgraded the group's earnings per share forecast for 2025 to 2026 by 23%, lowering the Target Price from 30.5 HKD to 24 HKD, with a rating of 'Hold', while being Bullish on ENN ENERGY (02688) and China.
China Gas Holdings Secures New Agreements With Electronic Business
CHINA GAS HOLD (00384) signed a procurement agreement for value-added products and a safety inspection service agreement with E-Commerce.
CHINA GAS HOLD (00384) announced that on March 28, 2025, the company entered into a value-added product agreement with E-Commerce...
Have Insiders Sold China Gas Holdings Shares Recently?
GF SEC: The gas price is finalized + performance turning point, combining both dividends and cyclical benefits.
The urban gas business model is stable, cash flow is good, and the current policy of continuous price adjustments is being promoted, which belongs to a sub-industry with a high degree of utility. It may welcome a reassessment of urban gas's value within the year.
[Brokerage Focus] GTJA maintains a 'Shareholding' rating for the gas Industry, indicating a reconstruction of value in the urban gas sector.
Jingwu Financial News | GTJA stated that with the optimization of profit structure, enhanced operational management, and the slowdown of capital expenditure, the free cash flow of urban gas companies is expected to improve; maintaining a "Shareholding" rating for the gas Industry, focusing on the trend of improving free cash flow and increasing dividend value. The bank indicated that Listed in Hong Kong gas leading stocks have shown strong historical performance; it believes that the long-term excess returns of leading companies listed in Hong Kong are mainly benefited from: 1) Rapid development of the Henry Hub Natural Gas Industry: Benefiting from the improvement of urban gas infrastructure, increased urbanization level, and the promotion of Eco-friendly Concept policies, the growth rate of natural gas consumption has experienced a phase increase (in 2021, the natural gas consumption was 37...
Getting In Cheap On China Gas Holdings Limited (HKG:384) Might Be Difficult
