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ENN Energy Likely to Benefit From Privatization Offer, Dual-Listing Plan -- Market Talk
ENN Energy Holdings Target Price Raised to HK$73.70 From HK$58.40 by UOB Kay Hian >2688.HK
ENN Energy Holdings Raised to Buy From Hold by UOB Kay Hian >2688.HK
Citigroup: Cut CHINA RES GAS Target Price to HKD 29, rating downgraded to "Neutral".
Citibank released a Research Report stating that CHINA RES GAS (01193) is expected to earn more than 20% lower than the market average expectation in 2024, mainly due to delays in connection projects and the connection rate of existing buildings being lower than anticipated. Although the sales volume of Henry Hub Natural Gas showed recovery in the first two months of this year compared to the decline recorded in the fourth quarter of last year, it is still uncertain whether new user connections, integrated services, and other Business can rebound from the trough in the second half of 2024. The firm has downgraded the rating of CHINA RES GAS from "Buy" to "Neutral" and reduced the net income forecast for 2025 to 2026 by 20% to 21%, with the Target Price accordingly adjusted.
Citi has lowered the Target Price for CHINA RES GAS (01193) to HKD 29 and rated it as "Neutral."
The bank believes that CHINA RES GAS (01193) will have profits in 2024 that are more than 20% lower than the market's general expectations, mainly due to delays in connection projects and a lower-than-expected connection rate for existing buildings.
ENN Energy Holdings Downgraded to Hold Amid Market Pricing and Economic Concerns
104255742 : lol, all gain where got losses?
Jackss OP 104255742 : These are positions after cutting losses
WinningTrader Jackss OP : Can the wins cover the losses?