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

Zhitong Hong Kong Stock Analysis | At the end of the year, funds are taking a steady route, and Douyin has launched gift red envelopes to stimulate individual stocks.

Today, the markets in both locations are lukewarm, which is generally the case at the end of the year, as there is pressure for capital recovery and issues with institutions redeploying. The Hong Kong stock market closed slightly down by 0.24%.

Zhitong FinanceDec 30, 2024 07:38 ET

China Resources Gas: Changes Effective Tuesday

Dow JonesDec 17, 2024 05:09 ET

CHINA RES GAS (01193.HK): Qin Yan has been appointed as Executive Director and President of the company.

Gelonghui, December 17th丨CHINA RES GAS (01193.HK) announced that Qin Yan has been appointed as Executive Director and Company President, effective from December 17, 2024.

Gelonghui FinanceDec 17, 2024 05:04 ET