[ET Net News Agency, 4 February 2021] BOCI Research tweaked its target price for China
Resources Gas (CRG) (01193) to HK$39.48 from HK$39.59 and maintained its "hold" rating,
given the lack of visible growth driver beyond 2021.
The research house increased its 2020-22 earnings forecasts for CRG by 2-7% to reflect
higher gas sales and new connections and the changes in its RMB exchange rate forecasts.
While it secured more new city gas projects in 1H 2020, the new addition in gas sales was
just about 5%, BOCI noted.
CRG has expanded into integrated energy projects, electric charging posts, and even
hydrogen refueling stations on a selective basis, but BOCI said the lack of information
makes it difficult for the research house to quantify the earnings impact. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
01193 CHINA RES GAS
Nominal 
23.700 +0.200 (+0.851%) Others
04/02/2021 15:34
{I-bank focus}BOCI tweaks China Resources Gas to HK$39.48
| Remark: | Real time quote last updated: 23/04/2024 16:59 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |