Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02688 ENN ENERGY
RTNominal up60.300 +2.300 (+3.966%)
Others

24/06/2020 14:34

{I-bank focus}JP Morgan lifts ENN Energy (02688) to HK$102.5

[ET Net News Agency, 24 June 2020] J.P. Morgan raised its target price for ENN Energy
Holdings (02688) to HK$102.5 from HK$93.3 to factor in better gas sales margins after
PetroChina's gas price cut. But JPM downgraded its rating to "neutral" from "overweight".
The research house said the shares have outperformed HSCEI by 24% and peers by 15% in
the past three months. The current price factored in a V-shaped recovery in ENN's gas
volume sales (20% growth in 2H from 4.5% in 1H), stable margins, and a doubling in revenue
for the integrated energy segment.
JPM raised its 2020-22 EPS estimates by 2-4% to factor in the lower gas cost and higher
volume sales in FY2021-22. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.