BOC International has only maintained a neutral attitude tow...
BOC International has only maintained a neutral attitude towards the future development of Xinao Energy, and profit forecasts and target prices have been lowered. Although Xinao Energy has improved its sales structure and optimized gross margin, investor confidence has been damaged by an abnormal decline in gas sales. The conservative attitude of management and changes in civilian gas prices may suppress the company's valuation repair.
BOC International: Maintaining the “Neutral” Rating of Xinao Energy (02688) and Lowering the Target Price to HK$72.1
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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