"The Wall Street Journal" Bank of America Securities: ENN ENERGY (02688.HK) suspension may involve a mandatory full offer, adjusting to "no rating."

ENN ENERGY (02688.HK) announced before the market opened on Wednesday (19th) that its ordinary shares and green preference notes would be temporarily suspended from trading from the same day, pending the publication of an announcement containing inside information about the company in accordance with the Hong Kong Code on Takeovers and Mergers. Bank of America Securities published a Research Report noting that ENN Natural Gas (600803.SH) has been increasing its shareholding in ENN ENERGY, having increased it by 1.6% in the past 12 months, and any further increase may require a mandatory general offer. The bank mentioned that there are currently no details indicating whether the suspension is related to any transactions between ENN Natural Gas and ENN ENERGY.

AASTOCKSMar 24 11:23

[Special Contributor] Deng Shengxing: The adjustment of the US stock market is not over, and the Hong Kong stock market may continue to retreat.

King Woo Financial News | The Hang Seng Index closed at 23,689 on Friday (21st), down 530 points or 2.2%. The total market turnover for the day reached 339 billion yuan. The National Index fell by 2.3% to 8,742; the Tech Index plunged by 3.4% to 5,639. Blue-chip HSBC (00005) dropped by 1.3%; AIA (01299) fell by 2.8%; Ping An (02318) declined by 3.1%; Bank of China (03988) decreased by 2.1%. Mainland telecom stocks showed slight resilience, with China Mobile (00941) up by 0.1%; Unicom (00762) slightly increasing by 0.4%. The best-performing blue-chips of the week were the earlier suspended Xin Ao.

Jingwu Financial NewsMar 24 09:49

ENN ENERGY (02688.HK): An undervalued leading city gas company.

Investment highlights include being the country's third largest gas company, with good Cash / Money Market flow that matches capital expenditures and steadily increasing dividends. By the end of 2023, ENN ENERGY operates gas projects in 260 cities across 21 provinces, covering a population of 0.139 billion.

SoochowMar 21 16:26

Express News | Soochow has given an initial buy rating to ENN ENERGY.

BreakingsMar 21 16:18

National Energy Administration: By the end of February, the cumulative installed capacity of power generation nationwide increased by 14.5% year-on-year.

Data released by the National Energy Administration shows that by the end of February, the cumulative installed power generation capacity nationwide was 3.4 billion kilowatts, an annual growth of 14.5%. Among them, the installed capacity for CECEP Solar Energy power generation was 0.93 billion kilowatts, an annual growth of 42.9%; the installed capacity for wind power was 0.53 billion kilowatts, an annual growth of 17.6%. In the first two months of this year, the average utilization of national power generation equipment was 505 hours, a decrease of 61 hours compared to the same period last year; major national power generation companies invested 75.3 billion yuan in power source projects, an annual growth of 0.2%; and 43.6 billion yuan was invested in grid projects, an annual growth of 33.5%.

AASTOCKSMar 20 09:56

GF SEC: The gas price is finalized + performance turning point, combining both dividends and cyclical benefits.

The urban gas business model is stable, cash flow is good, and the current policy of continuous price adjustments is being promoted, which belongs to a sub-industry with a high degree of utility. It may welcome a reassessment of urban gas's value within the year.

Zhitong FinanceMar 20 09:55