[ET Net News Agency, 28 November 2023] Citi lowered its target price for China Gas Hold
(00384) to HKD7.2 from HKD9 and downgraded its rating to "neutral" from "buy".
The research house said downside risks that could impede the stock from reaching the
target price include (1) slower-than-expected NG sales volume growth; (2)
slower-than-expected new household connections; and (3) a sharp oil price drop which would
mitigate NG price competitiveness. (RC)