Hong Kong Stock Market Exchanges | enn energy (02688) falls over 5% again. Lyon claims that May's operating data fall short of expectations. Goldman Sachs expects mainland gas demand to remain strong.

Zhixin Finance APP learned that ENN Energy (02688) fell more than 5% again. As of press time, it fell 4.84% to HK$60.9, with a turnover of HK$0.106 billion. Lyon previously published a research report stating that the management of ENN Energy is confident in achieving all goals for the 2024 fiscal year. Although the company's operational data in the first five months of this year was lower than expected, the company still maintained a 6.4% market share from January to April of this year. Although the recent uncertainty of ENN Energy and the lower-than-expected growth in its retail natural gas business have postponed the opportunity for the company to be re-evaluated, the company continues to gain.

Zhitong FinanceJul 15 02:06 ET

Hong Kong Shares Rise 1.0%, Tracking Wall Street Gains -- Market Talk

Hong Kong's benchmark Hang Seng Index rises 1.0% to 17653.69 in early trade, tracking Wall Street gains overnight.

WSJJul 10 21:39 ET

Stocks of gas companies rose mostly, with China Res Gas (01193) rising more than 4%. Credit Suisse is bullish on the high unit growth of mainland gas demand.

Most gas stocks are up. As of press time, China res gas (01193) increased by 4.02%, reaching HKD 29.75; kunlun energy (00135) increased by 2.36%, reaching HKD 9.1; China gas hold (00384) increased by 0.82%, reaching HKD 7.35.

Zhitong FinanceJul 4 22:39 ET

Lyon reiterates its 'buy' rating on ENN Energy, with a target price lowered to HKD 80.9.

Lyon released a research report stating that it reiterates its 'buy' rating on enn energy (02688), based on the previous downward sales forecast, the target price was lowered from HKD 84.4 to HKD 80.9. However, due to the increase in regular income from henry hub natural gas and the expansion of profit per unit, the view on mid-term profit improvement remains unchanged. The report states that although enn energy has recently experienced uncertainty and retail natural gas business growth has been lower than expected, it has postponed the opportunity for the company's re-evaluation. However, the bank believes that sustained profitability will be the key to releasing the positive momentum of the company's stock price. The company's management is confident in achieving all targets for the fiscal year 2024.

新浪港股Jun 28 01:36 ET

ENN Energy Holdings (HKG:2688) Takes On Some Risk With Its Use Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it might

Simply Wall StJun 25 22:04 ET

Hong Kong stocks concept tracking | Gas sector boosted against the market, global heat wave pushes up henry hub natural gas prices (with concept stocks)

In the afternoon of June 24, Hong Kong stocks of gas rose against the trend, with China Res Gas (01193) up 1.64%, ENN Energy (02688) up 1.13%, and Kunlun Energy (00135) and other stocks following the rise.

Zhitong FinanceJun 24 19:12 ET