Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00384 CHINA GAS HOLD
RTNominal down7.060 -0.190 (-2.621%)
Others

26/02/2021 16:46

CCBIS lifts China Gas (00384) to HK$36.5; "outperform"

[ET Net News Agency, 26 February 2021] CCB International Securities (CCBIS) lifted its
target price for China Gas Holdings (00384) to HK$36.5 from HK$34.5 and maintained its
"outperform" rating.
The research house anticipates earnings and cash flow visibility improvement in the
medium term. The company is trading at 12.9x FY2022 P/E, on par with its past-five-year
historical average, and CCBIS views the valuation as undemanding.
It tweaked its FY2022-23 earnings forecasts by 1% each to reflect slightly higher gas
volume assumptions. CCBIS expects a continuous pick up in industrial demand, stronger
seasonal demand from residential customers, and a low base to accelerate retail volume
growth to 22% in 2H FY2021, or 17% for FY2021. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  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
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.