[ET Net News Agency, 25 January 2018] Morgan Stanley upped its target price for Sinopec
Kantons (00934) to HK$5.73 from HK$5.2, and maintained its "overweight" rating.
The research house raised its earnings estimates for Sinopec Kantons by 3% for 2017, 2%
for 2018 and 3% for 2019, with a more positive stance.
On the back of Shandong's aggressive gas consumption growth target in 2018-2020, Morgan
turned more positive on gas demand in Shandong and thus demand for gas transmission
through the Yuji pipeline to Shandong. With higher volume transmitted to Shandong, where
the tariff is the highest, the realized unit tariff at Yuji Pipeline is likely to turn
around from the trough in 2016, Morgam believes. (KL)
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00934 SINOPEC KANTONS
Nominal 
3.930 +0.080 (+2.078%) Others
25/01/2018 17:39
[I-bank focus]Morgan ups Sinopec Kantons (00934) to HK$5.73
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