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