Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01193 CHINA RES GAS
RTNominal up42.250 +2.300 (+5.757%)
Research Report

19/12/2019 17:55

{I-bank focus}Morgan raises China Resources Gas to HK$49

[ET Net News Agency, 19 December 2019] Morgan Stanley raised its target price for China
Resources Gas (CRG)(01193) to HK$49 from HK$40 and maintained its "equal-weight" rating.
The research house noted two key positive fundamental themes. Compared with other peers,
CRG has the highest percentage of earnings coming from piped gas sales, which is the most
sustainable. In addition, Morgan expects the possibility of M&A could provide further
potential for upside in the longer term because the company is an SOE.
Morgan trimmed its recurring EPS estimates 3.6% for 2019, 6.8% for 2020, and 7.5% for
2021, mainly to reflect 6-7% RMB depreciation forecasts versus HKD. (KL)

Remark: Real time quote last updated: 29/05/2020 17:58
  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
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.