[ET Net News Agency, 22 November 2017] Citi Research lifted its target price for China
Resources Gas (CRG)(01193) to HK$35 from HK$33, and reiterated its "buy" rating.
The research house said raised its 2017-19 net profits forecasts for CRG by 1.3-6.5% on
higher retail NG sales volume and more rural household connections, more than offsetting
lower dollar margin of retail NG sales due to increased city-gate prices.
Citi also lifted CRG as a top pick in the PRC gas sector for its sharp acceleration in
rural connections in 2018, healthy net debt to equity ratio of 33.5% by end 2018, and
attractive 12.6x 2018 PER (10% below historical mean) with 2017-20 EPS CAGR of 14%. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
01193 CHINA RES GAS
Nominal 
28.200 -0.700 (-2.422%) Others
22/11/2017 17:04
[I-bank focus]Citi ups China Resources Gas (01193) to HK$35
| Remark: | Real time quote last updated: 20/09/2024 15:10 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |