Unification of City-Gate Prices Has Muted Impact on City Gas Operators; Positive for PetroChina
We think the National Development and Reform Commission’s, or NDRC’s, decision to unify residential and nonresidential city-gate prices will have...
87 Views
StubWorld - Hang Lung, CK Hutch
This week ... Hang Lung Group Ltd (10 HK) closed at a 52-week price low and is approaching a multi-year low against Hang Lung Properties Ltd (101...
247 Views
Raising BEH's FVE to HKD 58.00 on Strong Winter Gas Demand; Shares Remain Undervalued
We raise our fair value estimate for Beijing Enterprises Hldgs (392 HK), or BEH, to HKD 58.00 per share from HKD 56.00 to reflect stronger natural...
169 Views
City-Gate Price Cut Reaffirms Our Positive Outlook On Gas Distributors; Neutral On Midstream Players
We believe the recent cut of CNY 0.10 per cubic meter in the city-gate price effective Sept. 1 for non-residential users is a positive development...
141 Views
Higher Associate Income Sees 15%-20% Upside to Our 2017 Forecast, BEH Shares Remain Undervalued
We maintain our fair value estimate of HKD 56.00 for narrow moat-rated Beijing Enterprises Hldgs (392 HK), or BEH, ahead of its interim results due...
145 Views