[ET Net News Agency, 28 January 2019] HSBC Global Research lifted its target price for
Beijing Enterprises Holdings (BEH)(00392) to HK$52 from HK$49 and upgraded its rating to
"buy" from "hold" following a recent share price correction.
The research house believes operations remain on track in 2H 2018 to meet full-year
guidance. HSBC said BEH has no risks related to a potential connection fee cut (as Beijing
already has no connection fee) and it thinks that the dollar margin will remain intact
given effective pass-through of the winter gas cost hike. (KL)