China Gas Holdings’ Results Beat Expectation With Positive Guidance; Increasing FVE to HKD 14.20
We think narrow-moat China Gas Holdings’, or CGH’s, share price should be boosted by its above-consensus fiscal 2017 results and upbeat near-term guidance. Nonetheless, long-term performance will still hinge on the allowed return on its city gas operations, on which the government has yet to decide. CGH’s fiscal 2017 net profit of CNY 4.15 billion was up 82.5% year over year on the back of stronger-than-expected operating figures and the absence of one-off losses incurred in fiscal 2016. We rais...China Gas Holdings and its subsidiaries is a gas operator and service provider primarily engaged in the investment, construction and operation of city gas pipeline infrastructure facilities, gas terminals, storage and transportation facilities, and gas logistics systems, transmission of natural gas and liquefied petroleum gas (LPG) to residential, industrial and commercial customers, construction and operation of compressed natural gas/liquefied natural gas refilling stations as well as the development and application of technologies relating to natural gas and LPG in China.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.