Damo predicts that the stock price of China Resources Gas (01193) will rise by about 70% to 80% in the next 30 days.
The Zhitong Finance App learned that Morgan Stanley released a research report that predicts that the stock price of China Resources Gas (01193) will rise by about 70% to 80% in the next 30 days, believing that the stock will be oversold after its performance, making short-term valuations attractive. The target price is HK$27, and the rating is “increase in holdings.” Damo estimates that China Resources Gas's core profit and dividend growth this year will still surpass most of its peers. Because its high-quality assets are concentrated in major mainland cities, it is believed that the company's long-term prospects are promising.