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00384 CHINA GAS HOLD
RTNominal up31.650 +1.100 (+3.601%)
Others

29/11/2019 16:50

{I-bank focus}UBS raises China Gas Holdings (00384) to HK$40

[ET Net News Agency, 29 November 2019] UBS Global Research raised its target price for
China Gas Holdings (00384) to HK$40 from HK$37.5 and maintained its "buy" rating.
The research house has taken management on a post-results roadshow in Singapore. UBS
believes some investor concerns are misplaced. The shares have corrected around 12% from
the recent peak before the results announcement.
UBS thinks the valuation of 13x FY2021 PE is attractive for FY2019-22 earnings CAGR
of 22%. (KL)

Remark: Real time quote last updated: 17/01/2020 17:59
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