UBS Group raises the Target Price for China Resources Gas (00003.HK) and raises the Target Price for AGL Energy (01193.HK) while lowering the Target Price for China Resources Gas (00384.HK) and ENN ENERGY (02688.HK).

UBS Group stated that it has a cautious outlook on Gas Stock from next year to the following year, affected by weak economic growth, and expects city gas sales volume to increase by 3% year-on-year, lower than the 7% growth from 2021 to the present year. The bank assumes that the city's gas market share will shift to wholesale gas, and even though the expected gas sales profit will increase from 50 cents per cubic meter last year to 55 cents per cubic meter from this year to 2026, it is still below the pre-pandemic level of 60 cents per cubic meter. In addition, the average new gas connections for Runhua (01193.HK), CNG (00384.HK), and Gas (00003.HK) in the first half of the 2024 fiscal year are also at stake.

AASTOCKSDec 12 10:28

[Brokerage Focus] htsc reduces china res gas (01193) target price by 1.74%, indicating a slowdown in its industrial gas volume growth.

Jinwu Financial News | htsc released a research report indicating that china res gas (01193) had an industrial gas sales volume year-on-year growth of only +3.7% in the first half of 2024, lower than the overall year-on-year growth of +5.3%. The continued decline in demand from the real estate chain-related manufacturing sector affects the growth rate of gas sales contribution from mergers and acquisitions in 2024. The bank adjusted the year-on-year gas sales growth for 2024-2026 to +5.1/6.9/6.2% (previous values were 6.5/6.9/6.2%). The price adjustment continues, with residential gas prices in Hefei and Zhengzhou being adjusted in September and October. The bank maintains its forecast for gas sales gross margin for 2024-2026 at 0.54/0.56/0.

King Wu Finance NewsDec 9 16:57 · Ratings

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."

cls.cnDec 6 15:09

China res gas (1193.HK): Gas volume growth is slowing down, and dividends are expected to exceed expectations.

Considering the slowdown in industrial gas volume growth, the net profit attributable to the parent company of china res gas for 2024-2026 has been revised down by -5.2/-3.7/-2.9% to 5.4/6.1/6.8 billion Hong Kong dollars. The pricing mechanism is improved, and comprehensive services and integrated energy business contributions.

htscDec 6 15:07

China res gas (01193): Li Weiwei has been appointed as a non-executive director.

China Resources Gas (01193) announced that starting from November 29, 2024, Li Weiwei was appointed as a non-executive director...

Zhitong FinanceNov 29 17:03

Hong Kong stock concept tracking | Multiple regions have launched a price linkage mechanism for gas, and domestic henry hub natural gas consumer volume is recovering growth (with related stocks).

Goldman Sachs: If europe experiences tight henry hub natural gas supply, asia LNG prices may surge.

Zhitong FinanceNov 29 08:56