China Resources Gas Group's performance is satisfactory, particularly its high rate of return and substantial earnings growth due to significant business investment. Analyst forecasts indicate that the company's earnings will continue to grow.
Analysts believe that China Resources Gas Group's high P/E ratio doesn't align with future growth prospects. They warn that the company's earnings outlook may not sustain its current high P/E, putting investors at risk of overpaying.
The continuous decrease in ROCE and stagnant sales growth despite increased investment are alarming. The stock's 13% drop over the last five years showcases the market's lack of hope in trend improvement.
Hong Kong equities' performance was further hampered by headwinds emerged between the end of Chinese New Year and late March, including strengthening expectations for monetary tightening in overseas countries and concerns over the liquidity risks of European and US banking systems, CITIC Securities illustrated in a report. The broker believed 2Q23 will be the best quarter for Hong Kong sto...
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CITIC Securities Expects 2Q to Be Best Quarter for H-shrs; Eyes on 4 Key Storylines in Apr Incl. SOE Reform
The broker believed 2Q23 will be the best quarter for Hong Kong sto...
DBS: China Resources Gas Group Ltd – current rating is BUY with TP of HK$40.00 (under review).
$華潤燃氣(01193.HK)$
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