ENN ENERGY News

Daiwa downgraded ENN ENERGY (02688.HK) to "Hold" with a Target Price of 56 yuan.

Daiwa published a research report indicating that the USA may impose tariffs on Chinese commodities next year, putting pressure on China's macroeconomic outlook, thereby affecting industrial energy demand. Therefore, it downgraded ENN ENERGY (02688.HK) from "outperform" to "Hold," urging investors to take moderate profits as the company's stock price has been relatively strong recently. Daiwa maintained its profit forecasts for ENN ENERGY from 2024 to 2026. Although it holds a cautious view on market demand, it remains bullish on ENN's sales of Henry Hub Natural Gas, believing that increasing market share, exploring new customers, and a potential cold winter in 2025 may support ENN ENERGY to cope with.

AASTOCKSDec 16 12:21

Express News | SMBC Nikko Securities has downgraded ENN ENERGY to Hold, with a Target Price of 56 Hong Kong dollars.

BreakingsDec 13 04:10

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 slightly reduced the target price for enn energy (02688) by 1.25%, indicating a moderate growth in retail gas volume.

Jinwu Financial News | HTSC released a research report indicating that considering the new customers and changes in gas demand, enn energy (02688) has slightly adjusted its core profit forecasts for 2024-2026 down by 2.5%/3.1%/2.1% to 6.68/7.43/8.23 billion yuan. Retail gas volume is expected to grow moderately, with growth rates of +4.8%/+5.7%/+5.0% for 2024-2026; pricing and cost reduction are expected to help the price difference continue to increase, with price differences expected to be 0.54/0.55/0.56 yuan/cubic meter for 2024-2026. The sales of pan-energy continue to grow rapidly, and there is ample market space for smart home business. The company in 2024.

Jingu Financial NewsDec 9 16:26 · Ratings

Research reports mining | htsc: Maintain "buy" rating for enn energy, expecting improvement in free cash flow.

On December 9, Gelonghui reported that htsc published a research report indicating that considering the increase in customers and changes in gas demand, the forecast for enn energy's retail gas volume growth for 2024 to 2026 has been adjusted to 4.8%, 5.7%, and 5%. The firm expects that the pricing control of natural gas and cost management will help to enhance the price difference, predicting that enn energy's price difference will reach 0.54, 0.55, and 0.56 yuan per cubic meter for 2024 to 2026 respectively. The expected new connection volume is anticipated to reach 1.49 million, 1.32 million, and 1.17 million households. htsc expects that enn energy's free cash flow is likely to improve, with the core profit payout ratio.

Gelonghui FinanceDec 9 12:39 · Ratings

According to a report from htsc, the target price for enn energy (02688.HK) has been slightly lowered to 71.1 yuan, and the core profit forecast has been adjusted downward.

HTSC published a research report indicating that considering the changes in new customer acquisition and gas demand, the core profit forecast for enn energy (02688.HK) for 2024 to 2026 has been lowered by 2.5%, 3.1%, and 2.1% respectively, to 6.68 billion, 7.43 billion, and 8.23 billion yuan. At the same time, the forecast for retail gas volume growth has been adjusted from 5.6%, 5.3%, and 4.6% to 4.8%, 5.7%, and 5%. The firm expects that the gas pricing and cost control will drive the price difference to continue to increase, with enn energy's price difference expected to reach per cubic meter 0.

AASTOCKSDec 9 11:09

Enn energy (2688.HK): Core business cash flow is expected to expand.

Considering the changes in new customers and gas demand, enn energy's core profit for 2024-2026 has been slightly revised down by 2.5%/3.1%/2.1% to 6.68/7.43/8.23 billion yuan. Retail gas volume is expected to grow moderately.

htscDec 8 00:00

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%).

Sina Hong Kong StockDec 6 16:03

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

DBS Bank Hong Kong lists the latest preferred stock names in Hong Kong (Table).

DBS recently released its outlook report on Hong Kong stocks, listing its latest top 10 favorite stocks, with china res power (00836.HK) newly included, replacing alibaba (09988.HK): Shares │ Target Price ANTA (02020.HK) │ 117 HKD BYD Electronic (00285.HK) │ 48 HKD China Mobile (00941.HK) │ 93 HKD Sinopec (00386.HK) │ 5.4 HKD china res power (00836.HK) │ 22 HKD enn energy (02688.HK) │ 74 HKD Meituan (03690.HK) │ 236 HKD ping an insurance

AASTOCKSDec 6 11:48

DBS predicts Hang Seng Index target of 21,300 points next year, recommending ten stocks including China Mobile, Tencent, and BYD Electronics.

DBS recently released a Hong Kong stock outlook report for next year, reiterating a positive view on Hong Kong stocks. However, considering the Republican governance after the US election (Red Sweep), which reduces macro transparency, it has decided to lower the Hang Seng Index basic scenario target to 21,300 points. This corresponds to a forecasted PE ratio of 9.9 times for next year. The target for the China Index is 7,300 points, equivalent to a forecasted PE ratio of 8.6 times for next year, with a probability of occurrence at 60%. China's GDP growth is expected to be 5% next year, taking into account mainland's proactive policies, including reducing the one-year loan market quote rate (LPR) by 60 basis points and an anticipated 125 basis points decrease in US interest rates.

AASTOCKSDec 6 11:47

Daiwa cut Citicore Gas (00003.HK) rating to 'Neutral' with target price lowered to 6.3 yuan.

Citigroup released a research report, downgrading the rating of towngas (00003.HK) from "buy" to "neutral", due to the expected decline in retail gas sales, and the average selling price of sustainable aviation fuel has dropped by 25% from the beginning of the year. This has led to EcoCeres recording a loss, making the company's core profit for the full year of 2024 likely to achieve zero growth, with weak core profit performance. Correspondingly, the net profit forecast for 2024 to 2026 has been revised down by 6% to 7%. The bank pointed out that China Gas's forecast PE ratio this year is as high as 18.5 times, the highest among the six utilities stocks in Hong Kong, hence its target price has been adjusted from 7.45 yuan.

AASTOCKSDec 2 17:06

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

Heating season gas prices are rising! Gas stock in the Hong Kong stock market is active in the short term, while institutions still have diverging views.

① During the heating season, gas prices are rising. How high is the interest in gas stock on the Hong Kong Stock Exchange? ② There are still differences in perspectives among institutions. What risks are worth noting?

cls.cnNov 27 16:03

Major bank rating | JPMorgan: Upgraded Kunlun Energy's rating to "shareholding" and made it the top choice in the industry along with ENN Energy.

Guolonghui November 12th | JPMorgan released a report stating that since July, Kunlun Energy's performance has underperformed the index by about 30%, possibly due to the rotation of companies with high beta values in the industry, as well as the spillover effects of the recent oil price decline. JPMorgan believes that the pullback in Kunlun Energy's stock price provides an attractive entry point, as the current valuation is equivalent to a forecasted PE ratio of less than 9 times for the next year, with a yield of over 5%. There are two potential catalysts in the future including a possible decline in global oil and natural gas prices which may lead to a reduction in industry procurement costs, and around 70% of Kunlun Energy's natural gas sales come from the industrial sector, which may be affected.

Gelonghui FinanceNov 12 10:54 · Ratings

Hydrogen energy concept stocks are on the rise. ENN Energy (02688) rose by 4.88%. Sichuan further promotes the development of the entire hydrogen energy industry chain.

Jingu Finance News | Hydrogen energy concept stocks performing well, ENN Energy (02688) up 4.88%, Jingcheng MAC (00187) up 4.71%, CH Energy Eng (03996) up 2.73%, Weichai Power (02338) up 2.39%, Dongyue Group (00189) up 1.47%. On the news front, the General Office of the People's Government of Sichuan Province issued the 'Action Plan for Further Promoting the Development and Popularization of the Entire Industry Chain of Hydrogen Energy in Sichuan Province (2024-2027)'. Striving to achieve by 2027, Sichuan Province's hydrogen energy industry in sse high-end equipment manufacturing 60 index, key core technologies, basic materials.

Golden Guard Financial NewsNov 7 14:58

ENN ENERGY To Go Ex-Dividend On November 1st, 2024 With 0.65 HKD Dividend Per Share

October 31st (Beijing Time) - $ENN ENERGY(02688.HK)$ is trading ex-dividend on November 1st, 2024.Shareholders of record on November 4th, 2024 will receive 0.65 HKD dividend per share on November 29

Futu NewsOct 31 09:00

Green energy concept stocks are strong. Xinte Energy (01799) rose by 28.18%. Institutions believe that the earnings situation of green energy operators is expected to rebound from the bottom.

Jingu Wealth News | Green energy concept stocks were strong, Xinte Energy (01799) rose by 28.18%, Flat Glass (06865) rose by 11.97%, Goldwind Science & Technology (02208) rose by 5.64%, Xinyi Energy (03868) rose by 4.35%, CGN New Energy (01811) rose by 1.26%, ENN Energy (02688) rose by 1.21%. Huayuan Securities stated that on October 25th, the State Grid Corporation issued the "National Unified Electricity Market Development Plan Blue Book (Draft for Soliciting Opinions)" which provides a prospect and clear plan for the establishment of the national electricity market in China, planning for 2025.

Golden Guardian Financial NewsOct 29 09:35

[Brokerage Focus] Bocom Intl maintains a buy rating on ENN Energy (02688), with Q3 retail gas sales volume and gross margin in line with expectations.

Golden King Finance | Bocom Intl issued research reports, stating that enn energy (02688) released operating data for the third quarter, with a 5.5% year-on-year increase in retail gas volume and a gross gas margin of 0.54 yuan per cubic meter. Both retail gas sales volume and gross margin are in line with expectations. Currently, the company maintains guidance for a 5% increase in retail gas sales volume and a 10% increase in sector gross profit for the full year 2024. As for the renewable energy sector, sales volumes in the third quarter/the first nine months increased by 13%/21% year-on-year, and management expects heat sales to increase quarter-on-quarter in the fourth quarter of this year. With new projects contributing additional revenue, the company still expects the overall energy sales to basically achieve year-on-year growth.

Jingu NewsOct 29 08:53 · Ratings

enn energy (2688.HK): The operating data for the third quarter is generally in line with expectations.

Retail gas sales volume and gross profit margin in the third quarter met expectations. The company released operational data for the third quarter, with a year-on-year increase of 5.5% in retail gas volume during the period, of which residential and business gas sales increased by 4.6%/6.2% year-on-year, notably the increase in business sales.

bocom intlOct 28 16:37