报告指，见到燃气行业一连串正面消息，包括华润燃气及新奥能源(02688)股份回购，安徽推广工业由燃煤改用燃气，合肥住宅燃气价格上调，以及俄罗斯或于12月起增加对中国天然气出口。Bank of America Securities reiterated that China res gas (01193) is the preferred stock for gas distributors.
According to the Wise Finance APP, Bank of America Securities released a research report stating that there are more positive catalysts in the industry, bullish for profit margins and sales. It also reiterated the 'buy' rating on China res gas (01193) and highlighted it as the preferred stock for gas distributors. This is based on the fact that the stock is most likely to benefit from future natural gas oversupply and is least affected by direct gas sales.
In addition, considering the reduction in the number of outstanding shares starting next year, increase in profit margins, next year's sales growth, and the adjustment of forecasted undistributed expenditures, the bank has adjusted the company's earnings per share forecast from a decrease of 2% to an increase of 1%, with the target price raised from HK$36 to HK$36.7.
The report pointed out a series of positive news in the gas industry, including share buybacks by China res gas and ENN Energy (02688), Anhui promoting the industrial switch from coal to gas, residential gas price hikes in Hefei, and the potential increase in Russian natural gas exports to China starting in December.
