Jinwu Financial News | ENN ENERGY (02688) stock price fluctuates downward, as of the time of publication, down 3.43%, reported at HKD 54.85, with a turnover of HKD 0.144 billion.
Daiwa Research indicates that the USA may impose tariffs on Chinese Commodities next year, putting pressure on China's macroeconomic prospects, dragging down industrial energy demand. Daiwa maintains ENN ENERGY's profit forecast for 2024 to 2026 unchanged. Although holding a cautious view on market demand, there is still a Bullish outlook on ENN's Henry Hub Natural Gas sales. It is believed that through increasing market share, tapping new customers, and the potential cold winter in 2025, this may support ENN ENERGY in dealing with potential sales declines in the summer of 2025, maintaining a Target Price of 56 yuan.
The bank downgraded ENN ENERGY's rating from 'Outperform the Market' to 'Hold', calling on investors to moderately take profits and exit when the company’s stock price is relatively strong recently.
