Gas Distributors See Manageable Impact From Temporary City-Gate Price Hike and Winter Gas Shortage
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...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.
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