Beijing Enterprises is an investment holding company. Co.'s segments include: piped gas operation, which is engaged in, among others, the distribution and sale of piped natural gas, and the provision of repairs and maintenance services; brewery operation, which is engaged in, among others, the production, distribution and sells of brewery products; sewage and water treatment operations, which is engaged in, among others, the construction of sewage and water treatment plants and other infrastructural facilities; corporate and others, which is comprised of, among others, the construction of waste treatment plants, the construction of broadband infrastructure, and property investment.
theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.
We maintain our fair value estimate of HKD 58 per share for narrow-moat Beijing Enterprises Holdings, or BEH, following the company’s full-year 2018 results that were in line with our expectations. Net profit rose 10% year over year, with decent growth across segments. Gas demand was robust, with gas transmission volume on Shaanxi-Beijing pipelines, SJ pipelines, rising 28% and distribution volume in Beijing up 15% from a year ago. This, along with a 22% jump in profit contribution from 25%-owned associate China Gas, helped offset the negative impact from the tariff cut on SJ pipelines, leadin...
Founded in 1997, Beijing Enterprises Holdings, or BEH, is the listed flagship of the Beijing municipal government, with a strategic focus on public utilities. It has a monopoly position in Beijing’s natural gas distribution, owns unparalleled gas transmission and distribution networks in Beijing, and controls 40% of the Shaanxi-Beijing pipelines, the major source of natural gas supply for Beijing and northern China. It has a unique customer mix, with gas-fired power and heating plants the most prominent demand segments, allowing the company to benefit from a favorable policy environment. The g...
It appears fourth-quarter natural gas demand is higher than anticipated and we lift our 2018 earnings estimate by 5% to HKD 7.6 billion for Beijing Enterprises, or BEH, but this trend is not expected to be sustained. We anticipate little change to our midcycle assumptions and five-year net profit CAGR of 8%. Our fair value estimate of HKD 58.00 per share is unchanged, after factoring in lower profit contributions from BEH’s Russia oil and gas associate, due to a cut in our near-term crude oil pr...
The general evaluation of PICK N PAY STORES LTD. (ZA), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 2 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date July 10, 2020, the closing price was ZAR 48.64 and its potential was estimated at ZAR 63.04.
The independent financial analyst theScreener just awarded an improved star rating to ARCOS DORADOS HDG.INCO. (US), active in the Restaurants & Bars industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date July 10, 2020, the closing price was USD 4.86 and its expected value was estimated at USD 4.18.
The independent financial analyst theScreener just requalified the general evaluation of UNITED RENTALS INCO. (US), active in the Business Support Services industry. As regards its fundamental valuation, the title still shows 3 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date July 10, 2020, the closing price was USD 147.83 and its target price was estimated at USD 95.24.
Unfortunately, this report is not available for the investor type or country you selected.Browse all ResearchPool reports
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.