ENN ENERGY News

J.P. Morgan Sticks to Their Buy Rating for ENN Energy Holdings (XNGSF)

TipRanksJan 20 20:06 · Ratings

Express News | JPMorgan: Downgrades CHINA RES GAS to "Neutral"; prefers ENN ENERGY and KUNLUN ENERGY in the Industry.

BreakingsJan 20 10:54

Major Bank Ratings | JPMorgan: Downgrades CHINA RES GAS rating to 'Neutral'. Industry favorites are ENN ENERGY and KUNLUN ENERGY.

On January 20, Glonghui reported that JPMorgan issued a research report indicating that market predictions for gas growth have declined, and the performance of the CHINA GAS HOLD industry has lagged behind the market so far this year. However, the bank believes that market profit expectations for the industry remain too high, thus recommending a re-evaluation of the industry after the performance announcements, and when stock prices react negatively to the results, it calls for buying on dips. JPMorgan stated that due to the valuation premium of CHINA RES GAS compared to peers, combined with expectations that its profit and gas volume growth will lag behind peers such as ENN ENERGY, the rating for CHINA RES GAS has been lowered from "Shareholding" to "Neutral", with ENN ENERGY and KUNLUN ENERGY being the top industry picks.

Gelonghui FinanceJan 20 10:54 · Ratings

The investment ratings and Target Price for utility stocks by Bank of America Securities (table).

Bank of America Securities published a research report, with the investment ratings and target prices for utility stocks listed as follows: Stock | Investment Rating | Target Price (HKD) Huaneng Power International, Inc. (00902.HK) | Neutral -> Buy | 4.8 -> 5.5 Huadian Power International Corporation (01071.HK) | Buy | 5.1 CHINA RES POWER (00836.HK) | Neutral | 22 -> 21 CHINA POWER (02380.HK) | Neutral | 4 -> 3.4 CHINA LONGYUAN (00916.HK) | Neutral

AASTOCKSJan 17 15:27

Bank of America Securities upgraded the rating of China Resources Power Holdings Company Limited (00902.HK) to "Buy", while lowering the ratings of Longfor Group Holdings Limited (01038.HK), Yunnan Energy New Material Co., Ltd (01103.HK) and Guangdong Inv

Bank of America Securities released a research report indicating that the MSCI China Utilities Industry rose approximately 17% last year, performing in line with the broader market. Among them, defensive yields from thermal power and hydropower performed excellently in the sector. Investors are advised to select defensive stocks this year and increase their positions when individual high-quality Beta stocks experience price corrections. The selected defensive utilities stocks by Bank of America include Huaneng (00902.HK), Huadian (01071.HK), China Yangtze Power (600900.SH), and Beijing Enterprises (00392.HK). High-quality Beta stocks include CHINA RES GAS (01193.HK) and Jiangsu Zhongtian Technology (600.

AASTOCKSJan 17 14:19

Hong Kong stock Concept tracking | Russia cutting off Henry Hub Natural Gas supply causes global gas prices to soar (including Concept stocks)

From 8 AM Moscow time on January 1, 2025, the transit of Henry Hub Natural Gas to Europe through Ukraine will be terminated.

Zhitong FinanceJan 2 09:20

[Brokerage Focus] Guoyuan International gives ENN ENERGY (02688) a Buy rating, overall determining that the company's future dividend payout ratio will steadily increase.

Jinwu Financial News | Guoyuan International Research pointed out that ENN ENERGY (02688) achieved a retail gas volume growth of 4.8% in the first three quarters, reaching 18.819 billion cubic meters, maintaining a full-year gas volume growth guidance of 5%. As of the end of September, the company had a total of 347 operational comprehensive energy projects, and the sales volume of the comprehensive energy Business increased by 21.4% year-on-year to 29.668 billion kilowatt-hours. The scale of the installed capacity under construction exceeds 830 MW, and they will gradually enter operation in the fourth quarter, with new projects coming online also contributing to incremental benefits. In addition, the work volume created by the entrusted projects will see an increase in the fourth quarter, with Q4 sales expected to rise on a quarter-on-quarter basis, and the company will achieve an overall comprehensive energy Business.

Jinwu Financial NewsDec 31, 2024 14:24 · Ratings

"Outlook" Brokerage's comprehensive list of preferred Hong Kong stocks (Nomura, DBS)

Nomura released its Asia (excluding Japan) market outlook report for next year at the beginning of December, listing the guiding theme stocks for the Chinese market next year: Tencent (00700.HK), Alibaba (09988.HK), Anta (02020.HK), BYD (01211.HK), China Merchants Bank (03968.HK), Meituan (03690.HK), Ping An Insurance (02318.HK), NetEase (09999.HK), Xiaomi (01810.HK), KE Holdings (BEKE.US), MINISO (09896.HK), AIA (01299.HK), Hong Kong Stock Exchange (0.

AASTOCKSDec 31, 2024 13:20

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, 2024 12:21

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

BreakingsDec 13, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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, 2024 17:06