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[Brokerage Focus] Guoyuan International gives ENN ENERGY (02688) a Buy rating, overall determining that the company's future dividend payout ratio will steadily increase.
Jinwu Financial News | Guoyuan International Research pointed out that ENN ENERGY (02688) achieved a retail gas volume growth of 4.8% in the first three quarters, reaching 18.819 billion cubic meters, maintaining a full-year gas volume growth guidance of 5%. As of the end of September, the company had a total of 347 operational comprehensive energy projects, and the sales volume of the comprehensive energy Business increased by 21.4% year-on-year to 29.668 billion kilowatt-hours. The scale of the installed capacity under construction exceeds 830 MW, and they will gradually enter operation in the fourth quarter, with new projects coming online also contributing to incremental benefits. In addition, the work volume created by the entrusted projects will see an increase in the fourth quarter, with Q4 sales expected to rise on a quarter-on-quarter basis, and the company will achieve an overall comprehensive energy Business.
ENN Energy Holdings (HKG:2688) Stock Falls 3.1% in Past Week as Three-year Earnings and Shareholder Returns Continue Downward Trend
Daiwa: Downgraded ENN ENERGY rating to "Hold" with a Target Price of 56 Hong Kong dollars.
Daiwa released a research report stating that it has downgraded ENN ENERGY (02688) from "Outperform" to "Hold," urging investors to take profits when the company's stock price is relatively strong in the short term. The Target Price remains at HKD 56. Daiwa maintains its earnings forecast for ENN ENERGY from 2024 to 2026, and although it holds a cautious view on market demand, it is still Bullish on ENN's Henry Hub Natural Gas sales, believing that increasing market share, exploring new customer sources, and the potential cold winter in 2025 may support ENN ENERGY in coping with potential sales declines in the summer of 2025.
【Hong Kong Stock Connect】 ENN ENERGY (02688) fell by 3.43%. Daiwa pointed out that tariffs from the USA pressure China's macroeconomic outlook, and industrial energy demand is affected.
King Wu Financial News | ENN ENERGY (02688) stock price fluctuated and declined, as of the time of writing, down 3.43%, reported at 54.85 Hong Kong dollars, with a transaction amount of 0.144 billion Hong Kong dollars. Daiwa Research indicates that the USA may impose tariffs on China’s commodities next year, causing continued pressure on China's macroeconomic outlook and dragging down industrial energy demand. Daiwa maintains its earnings forecasts for ENN ENERGY from 2024 to 2026. Although holding a cautious view on market demand, there is still a Bullish outlook on ENN's Henry Hub Natural Gas sales, believing that by increasing market share, exploring new customers, and with the potential cold winter in 2025, it may support ENN ENERGY in responding to the summer of 2025.
DBS: Sets the target for the Hang Seng Index at 21,300 points for next year, recommending china mobile, tencent, and BYD Electronics.
DBS released a report on the outlook for Hong Kong stocks next year, reiterating a positive stance on Hong Kong stocks, but has decided to lower the basic scenario target for the Hang Seng Index to 21,300 points, which corresponds to a forecasted pe of 9.9 times for next year. A target of 7,300 points for the National Index was given, corresponding to a forecasted pe of 8.6 times for next year, with an estimated probability of 60%. The bank expects that policies introduced by china to support the economy could help mitigate potential impacts from the usa, recommending a defensive strategy in the first half of next year by avoiding stocks with a high proportion of usa business, and focusing on quality growth stocks and those benefiting from policies. DBS set a "bull market" scenario target for the Hang Seng Index at 25,600 points (with an estimated probability of 25%).
Fuel cell energy and hydrogen internal combustion engines are advancing in parallel, with the application of hydrogen energy accelerating on the end-user side due to frequent bullish policies.
① The CA6HV3 hydrogen engine, independently developed by faw jiefang group, has been released as the first domestic heavy-duty commercial vehicle hydrogen engine with direct injection. ② At this stage, many hydrogen internal combustion engine products still have shortcomings such as "low thermal efficiency."
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