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00384 CHINA GAS HOLD
RTNominal down6.880 -0.130 (-1.854%)
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03/04/2018 16:05

[I-bank focus]Citi lifts China Gas (00384) to HK$33

[ET Net News Agency, 3 April 2018] Citi Research lifted its target price for China Gas
Holdings (00384) to HK$33 from HK$28.5 mostly due to rollover, and reiterated its "buy"
rating.
The research house ranked China Gas as its top pick in the PRC gas sector for (1) the
highest natural gas sales volume growth among its peers, (2) less dollar margin cut of
retail natural gas sales among its peers; and (3) the most rural connections in the
sector.
Citi added that its 19.3x FY2019 PER is undemanding versus 20.3% FY2018-20 EPS CAGR.
(KL)

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