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China Telecommunication Union: In the first quarter, electricity trading centers across the country organized a total of 1424.84 billion kilowatt-hours and an increase of 7.7% year-on-year
On April 30, the China Telecommunication Union released a summary of the national electricity market transactions from January to March 2024.
UBS: Maintaining Xinao Energy's “neutral” rating, the target price rises slightly to HK$72
UBS released a research report stating that it maintained the “neutral” rating of Xinao Energy (02688) and raised the 2024-2026 unit profit forecast to 0.54, 0.56 and 0.56 yuan. The annual new connection forecast was raised to 1.58 million households, and the target price rose slightly from HK$71 to HK$72. The company's operating data for the first quarter was in line with expectations. I believe investor response will remain neutral, and I believe it is expected to achieve growth guidelines for the whole year. UBS said it will slightly lower Xinao Energy's 2024-2026 profit forecast by 3%, 4% and 1%, and lower the earnings forecast per share to 6.21, 6.62 and
ENN Energy Holdings (XNGSF) Gets a Hold From DBS
Risks To Shareholder Returns Are Elevated At These Prices For ENN Energy Holdings Limited (HKG:2688)
With a median price-to-earnings (or "P/E") ratio of close to 9x in Hong Kong, you could be forgiven for feeling indifferent about ENN Energy Holdings Limited's (HKG:2688) P/E ratio of 10.3x. Althoug
Xinao Energy (02688.HK)'s retail sales of natural gas in the first quarter increased 2.7% year-on-year to 7.237 billion cubic meters
On April 26, GLONGHUI | Xinao Energy (02688.HK) announced that in the three months ending March 31, 2024, the Group recorded retail sales volume of 7.237 billion cubic meters of natural gas, an increase of 2.7% over the previous year. Among them, the gas sales volume of industrial and commercial users recorded a 2.9% year-on-year increase to 5.224 billion cubic meters, while the gas sales volume for people's livelihood also increased 2.5% year-on-year to 1,947 billion cubic meters. During the period, the Group's newly developed projects for industrial, commercial and home users remained steady. Newly developed industrial and commercial users have installed a daily opening gas volume of 2,929,000 cubic meters, and newly developed households that have completed the project installation
Changes in Hong Kong stocks | Natural gas surplus price mechanism comprehensively boosts China Resources Gas (01193) up more than 4% Xinao Energy (02688) by more than 3%
Some gas stocks rose in early trading. As of press release, China Resources Gas (01193) rose 4.35% to HK$25.2; Xinao Energy (02688) rose 3.13% to HK$67.6; and Ganghua Smart Energy (01083) rose 1.3% to HK$3.12.
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