Daiwa Cuts CHINA RES GAS (01193) Target Price to HK$16 Amid Potential Internal Issues, Maintains "Sell" Rating

Stock News

09/01

Daiwa issued a research report stating that CHINA RES GAS (01193) reported a 30% year-over-year decline in net profit for the first half of the year. As the final city gas company to announce its interim results, CHINA RES GAS underperformed its industry peers across virtually all metrics, suggesting potential management issues within the company. This may prompt investors to demand a higher risk premium.

The firm has reduced its earnings per share forecasts for 2025-2027 by 19% to 25%, while cutting the target price from HK$19.9 to HK$16. The rating remains at "Sell".

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As the final city gas company to announce its interim results, CHINA RES GAS underperformed its industry peers across virtually all metrics, suggesting potential management issues within the company. This may prompt investors to demand a higher risk premium.</p>\n<p>The firm has reduced its earnings per share forecasts for 2025-2027 by 19% to 25%, while cutting the target price from HK$19.9 to HK$16. The rating remains at \"Sell\".</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0348735423.USD","symbol_name":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","start_time":0,"source_url":"","article_id":"1102500604","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1102500604","pubTimestamp":1756720316,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Daiwa issued a research report stating that CHINA RES GAS (01193) reported a 30% year-over-year decline in net profit for the first half of the year. As the final city gas company to announce its...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","BK1570":"华润系","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","BK1221":"燃气公用事业","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC","01193":"华润燃气","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","BK1589":"北水核心资产","IE00BGHQDM52.EUR":"GUINNESS ASIAN EQUITY INCOME \"C\" (EUR) ACC","IE00BVYPNP33.GBP":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","BK1566":"燃气股"},"translate_title":"潜在内部问题大和下调中瑞燃气(01193)目标价至16港元维持“卖出”评级","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01193":1},"content_text":"Daiwa issued a research report stating that CHINA RES GAS (01193) reported a 30% year-over-year decline in net profit for the first half of the year. As the final city gas company to announce its interim results, CHINA RES GAS underperformed its industry peers across virtually all metrics, suggesting potential management issues within the company. This may prompt investors to demand a higher risk premium.\nThe firm has reduced its earnings per share forecasts for 2025-2027 by 19% to 25%, while cutting the target price from HK$19.9 to HK$16. The rating remains at \"Sell\".","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}