Outlook for Gas Utilities Remains Promising; ENN Energy Our Preferred Pick
We are increasing our fair value estimates for China Resources Gas, or CRG, and ENN Energy, or ENN, to HKD 38.00 (from HKD 36.50) and HKD 88.00 (from HKD 83.00) respectively, after taking into account the time value of money and our updated foreign exchange rates assumption. Meanwhile, our fair value estimate for China Gas Holdings, or CGH, remains unchanged at HKD 29.00. Our narrow moat and stable trend ratings for CGH, CRG, and ENN are intact. In our view, CRG and ENN are undervalued while CGH...ENN Energy Holdings is an investment holding company. Through its subsidiaries, Co. is engaged in the gas supply business in the People's Republic of China, including but not limited to the sales of piped gas, gas connection, construction and operation of vehicles gas refuelling stations, wholesale of gas, sales of other energy and sales of gas appliances and materials.
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.