[ET Net News Agency, 12 December 2024] Morgan Stanley lowered the target price for China
Gas (00384) to HKD7.6 from HKD8 and maintained the "equal-weight" rating.
The research house said it lowers 2025-28 earnings estimates by 9-13% after the weak
recent F1H25 results, which was due to a LPG profit margin miss and weak industrial gas
volumes. (rc)