[ET Net News Agency, 13 June 2018] Citi Research trimmed its target price for Hong Kong
& China Gas (HKCG)(00003) to HK$13.18 from HK$14.5, and retained its "sell" rating.
The research house said its earnings estimate remains unchanged.
As HKCG made a bonus issue of one new share for every ten existing shares registered as
at 14 June. Citi adjusted down its target price with the factor of 0.909091 for the
increase in no. of issued shares resulted from the bonus issue. (KL)