Bank of America Securities: Last year, defensive yields such as thermal and hydroelectric power performed well in the sector, upgrading the rating of HUANENG POWER.

Bank of America Securities released a research report stating that the MSCI China Utilities Industry rose approximately 17% last year, in line with the overall market trend. Among them, defensive yields such as thermal and hydropower performed excellently within the Sector. It is recommended that investors choose defensive stocks this year and add to individual quality Beta stocks during price corrections. Bank of America's selection of defensive Utilities Industry stocks includes HUANENG POWER (00902), HUADIAN POWER (01071), China Yangtze Power (600900.SH), and BEIJING ENT (00392). Quality Beta stocks include CHINA RES GAS (01193) and Zhongtian Technology.

Sina Hong Kong StocksJan 17 04:27 ET

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.

Zhitong FinanceJan 17 03:56 ET

Earnings Growth of 0.09% Over 5 Years Hasn't Been Enough to Translate Into Positive Returns for China Resources Gas Group (HKG:1193) Shareholders

Simply Wall StJan 8 21:04 ET

Citi maintains a "Buy" rating on CHINA RES GAS, with the Target Price adjusted to HKD 32.1.

Citi released a research report stating that it maintains a "Buy" rating on CHINA RES GAS (01193) and has lowered the Target Price from HKD 32.5 to HKD 32.1. The forecast for last year's Net income is 4% lower than market expectations, and it is estimated that the company's profit compound annual growth rate will reach 8% over the next two years. The report is Bullish on the company's financial status as a state-owned enterprise, noting lower investment risks. The bank stated that it has reduced the Net income forecasts for CHINA RES GAS for 2024 to 2026 by 8.3%, 9.5%, and 9.2%, respectively, to reflect lower expectations for growth in retail Henry Hub Natural Gas sales. The average annual growth rate forecast for 2024 to 2025 is 3%.

Sina Hong Kong StocksJan 7 04:01 ET

Citi maintains the Buy rating for CHINA RES GAS (01193) and lowers the Target Price to HKD 32.1.

Citigroup expects that CHINA RES GAS will achieve an average annual compound growth rate of 8% in profits over the next two years.

Zhitong FinanceJan 7 02:12 ET

China Resources Gas Units Renew Gas Supply, Purchase Contracts

MT NewswiresJan 3 06:01 ET