We are Initiating Coverage of China Gas Holdings with a HKD 10.20 FVE and Narrow Moat Rating
We are initiating coverage of China Gas Holdings, or CGH, with a HKD 10.20 fair value estimate, along with a narrow moat and stable moat trend ratings. CGH is one of China’s largest city gas operators and liquefied petroleum gas distributors. Service territory monopolies and efficient-scale advantages are the primary moat sources for regulated utilities such as CGH. We are confident that CGH will earn more than its cost of capital at least for the next decade, supporting our narrow moat rating....
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.