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【Brokerage Focus】CITIC SEC: Changes in Consumer structure, the gas Industry returns to the right track while urban gas growth is moderate.
Jinwu Financial News | CITIC SEC stated that after a consecutive two years of approximately 8% apparent Consumer growth in 2023-2024, domestic gas consumption has emerged from the low point, and the Industry growth rate has returned to normal. Unlike the historically prominent growth rate of nationwide urban gas sales, during this round of demand recovery, the performance of nationwide leading urban gas sales has been modest and generally weaker than the overall Industry growth rate, marking a turning point in the growth rate difference. The current market environment is very favorable for LNG heavy trucks, with sales experiencing a full explosion after 2023; as the Energy transition advances, the significant increase in the Electrical Utilities system's demand for flexibility is also supporting gas and power.
Bank of America Merrill Lynch: Last year, the defensive yields from thermal and hydro power performed exceptionally well in the Utility Sector, upgrading HUANENG POWER (00902) rating to "Buy."
The MSCI China Utilities Index rose about 17% last year, performing in line with the market. Among them, defensive yields like thermal and hydro power have performed exceptionally well within the Sector. It is recommended that investors choose defensive stocks this year and add to positions when individual quality Beta stocks experience price corrections.
BE ENVIRONMENT (00154.HK) appointed Luo Shengqiang as an independent non-executive Director.
On January 16, Gelonghui announced that BE ENVIRONMENT (00154.HK) has stated: (1) Jin Lizuo has submitted his resignation as the company's independent non-executive director and will no longer serve as the chairman of the remuneration committee, a member of the audit committee, and a member of the nomination committee; (2) Nie Yongfeng has submitted his resignation as the company's independent non-executive director; (3) Luo Shengqiang has been appointed as the company's independent non-executive director and has been appointed as a member of the company's audit committee; and (4) Miao Li has been appointed as the chairman of the company's remuneration committee. The above changes are effective immediately.
BEIJING ENT (00392): Director Huan Zhang has been appointed as the executive director and company secretary, and has assumed the role of authorized representative.
BEIJING ENT (00392) announced that Mr. Jiang Xinhao has reached retirement age and has submitted his resignation as the company's executive Director and...
BAIC BluePark New Energy Technology (600733.SH): Subsidiary BAIC New Energy plans to increase capital by introducing BEIJING ENT Group and 10 other strategic investors.
On December 24, Gelonghui reported that BAIC BluePark New Energy Technology (600733.SH) announced that in order to meet the needs of its subsidiaries' Business development and optimize the capital structure, its subsidiary Beijing New Energy Automobile Co., Ltd. (referred to as "BAIC New Energy") has increased its capital and expanded its shares by introducing strategic investors through public listing. As of the date of this announcement, BAIC New Energy has introduced Beijing State-owned Capital Operation Management Co., Ltd., Beijing Infrastructure Investment Co., Ltd., BEIJING ENT, Beijing Yizhuang International XINXINGCHANYE Investment Center (Limited Partnership), Bank of Communications Financial Assets Investment Co., Ltd., and Jianxin Financial Assets Investment Co., Ltd.
Heating season gas prices are rising! Gas stock in the Hong Kong stock market is active in the short term, while institutions still have diverging views.
① During the heating season, gas prices are rising. How high is the interest in gas stock on the Hong Kong Stock Exchange? ② There are still differences in perspectives among institutions. What risks are worth noting?
