Report
Chokwai Lee, CFA
EUR 100.00 For Business Accounts Only

China Gas’ outlook remains promising on the back of sustained demand growth for natural gas.

We remain positive on the long-term outlook for China’s city gas sector, but we think China Gas Holdings, or CGH, is currently fairly valued, as the potential strong growth from rural projects has been largely priced in. Meanwhile, we believe China Resources Gas, or CRG, and ENN Energy Holdings currently offer better upside. Our preferred pick for the sector is ENN, as we think the firm’s ability to secure its gas source at a more competitive price will reduce the risk of supply bottlenecks vers...
Underlying
China Gas Holdings Limited

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.

Provider
Morningstar
Morningstar

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.

Analysts
Chokwai Lee, CFA

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