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大行评级 | 大和:下调华润燃气目标至27.2港,降级至逊于大市

Big Bank Ratings | Daiwa: China Resources Gas Lowered Its Target to Port 27.2, Lower Than the Market

Gelonghui Finance ·  Mar 9, 2023 16:12
Gelonghui, March 9丨According to the Daiwa Development Research Report, China's resumption of customs clearance is reflected in the stock price of China Resources Gas (1193.HK), where natural gas sales increased or did not meet market expectations. As a result, Runran's natural gas sales growth forecast was lowered to 8% last year, and this year's forecast also dropped to 11%, slightly lowering the target price from HK$27.5 to HK$27.2. The rating was also downgraded from “better than the market” to “worse than the market”. Daiwa is currently more cautious about the transfer of fuel, lowering the company's price spread forecasts for last year and this year to 0.49 yuan and 0.47 yuan per cubic meter, respectively. The share is currently reported at HK$29.45, with a total market value of HK$68.1 billion.

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