[ET Net News Agency, 4 February 2021] BOCI Research lifted its target price for ENN
Energy Holdings (02688) to HK$140.4 from HK$111.57 and reiterated its "buy" rating.
The research house said ENN Energy has multiple growth drivers, including gas sales
volume, value-added services, and integrated energy. Its active LNG procurement can help
to maintain or even improve its dollar margin.
The share incentive scheme of its parent implies the annual growth in earnings will be
around 18% for the upcoming four years. Hence, although it has been the distinct
outperformer in terms of share price performance, BOCI assigned it with a higher target
price. (KL)