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00003 HK & CHINA GAS
RTNominal up12.660 +0.040 (+0.317%)
Others

07/05/2021 14:16

{I-bank focus}Daiwa lifts HK & China Gas (00003) to HK$14.7

[ET Net News Agency, 7 May 2021] Daiwa Research lifted its target price for Hong Kong &
China Gas (HKCG) (00003) to HK$14.7 from HK$13 and maintained its "outperform" rating.
Given the economic recovery in HK, the research house sees HKCG's DPS rising by more
than 5% for 2021 with a net tariff hike by the end of 2021. Together with further
relaxation of the dine-in ban and ongoing vaccination scheme, Daiwa lifted its 2021-22 HK
towngas sales volume forecasts by 1.2% each.
It also raised its 2021-22 EPS forecasts by 8.5-11.8% on higher gas sales assumptions
for the HK business. (KL)

Remark: Real time quote last updated: 30/07/2021 17:59
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