[ET Net News Agency, 7 May 2021] Daiwa Research lifted its target price for Hong Kong &
China Gas (HKCG) (00003) to HK$14.7 from HK$13 and maintained its "outperform" rating.
Given the economic recovery in HK, the research house sees HKCG's DPS rising by more
than 5% for 2021 with a net tariff hike by the end of 2021. Together with further
relaxation of the dine-in ban and ongoing vaccination scheme, Daiwa lifted its 2021-22 HK
towngas sales volume forecasts by 1.2% each.
It also raised its 2021-22 EPS forecasts by 8.5-11.8% on higher gas sales assumptions
for the HK business. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00003 HK & CHINA GAS
Nominal 
5.730 +0.050 (+0.880%) Research Report
07/05/2021 14:16
{I-bank focus}Daiwa lifts HK & China Gas (00003) to HK$14.7
| Remark: | Real time quote last updated: 18/04/2024 10:27 |
| 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 |