Jennifer Song
EUR 100.00 For Business Accounts Only

BEH Is Riding on China's Antipollution Drive

It appears fourth-quarter natural gas demand is higher than anticipated and we lift our 2018 earnings estimate by 5% to HKD 7.6 billion for Beijing Enterprises, or BEH, but this trend is not expected to be sustained. We anticipate little change to our midcycle assumptions and five-year net profit CAGR of 8%. Our fair value estimate of HKD 58.00 per share is unchanged, after factoring in lower profit contributions from BEH’s Russia oil and gas associate, due to a cut in our near-term crude oil pr...
Beijing Enterprises Holdings (Red Chip)

Beijing Enterprises is an investment holding company. Co.'s segments include: piped gas operation, which is engaged in, among others, the distribution and sale of piped natural gas, and the provision of repairs and maintenance services; brewery operation, which is engaged in, among others, the production, distribution and sells of brewery products; sewage and water treatment operations, which is engaged in, among others, the construction of sewage and water treatment plants and other infrastructural facilities; corporate and others, which is comprised of, among others, the construction of waste treatment plants, the construction of broadband infrastructure, and property investment.


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We have operations in 27 countries.

Jennifer Song

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