[ET Net News Agency, 1 December 2020] Huatai Research lowered its target price for
China Gas Holdings (CGH) (00384) to HK$38.25 from HK$39 and maintained its "buy" rating.
The research house said CGH's 1H FY2021 results were in line with Huatai's expectations.
It cut its net profit forecasts for 2020/21 by 4%/6% to reflect drops in average selling
price and average procurement unit cost of gas sales.
Given that the epidemic impact has been reflected in FY2020, Huatai is optimistic about
the company's performance during the recovery period. It sees great potential for Smart
MicroGrid to build up infrastructure in rural areas or small communities; management
estimated a market of about 20mn households for this technology. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00384 CHINA GAS HOLD
Nominal 
7.120 -0.060 (-0.836%) Others
01/12/2020 14:54
{I-bank focus}Huatai lowers China Gas (00384) to HK$38.25
| Remark: | Real time quote last updated: 25/04/2024 18:00 |
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