No Data
ENN Energy Holdings Limited's (HKG:2688) Institutional Shareholders Had a Great Week as One-year Returns Increased After a 13% Gain Last Week
Trending Industry Today: CHINA LONGYUAN Leads Gains In Green Energy Stocks
Bank of America Securities: Reaffirms China Res Gas as "buy" rating, target price raised to 36.7 Hong Kong dollars.
Bank of America Securities released a research report stating that there are more positive catalysts in the industry, which is bullish for profit margins and sales. They reiterated a "buy" rating on China Resources Gas (01193) and recommended it as the top choice for gas distributors. This is based on the fact that the stock is expected to benefit the most from future natural gas oversupply and is least affected by gas direct sales. In addition, considering the reduction in the number of outstanding shares starting next year, the increase in profit margins, next year's sales growth, and the upward adjustment of undistributed expenditure forecasts, the bank adjusted the company's earnings per share forecast from this year to 2026 by -2% to +1%, with the target price raised from HK$36 to HK$36.7. The report points out that there is a series of positive news in the gas industry.
[Brokerage Focus] Bocom Intl maintains a buy rating on ENN Energy (02688), indicating that its current profit structure has stabilized and reiterating a bullish outlook.
Golden Horse Financial News | Bocom Intl released research reports stating that enn energy (02688) stock price has shown relatively weak performance after the earnings. The bank believes that some investors reduced their shares of enn energy because they were slightly disappointed by enn's mid-term dividend compared to its peers. The bank believes that enn has set a dividend payout ratio guidance of approximately 44% for the whole year, and aims to gradually increase the dividend payout ratio to 50% in the next 3-4 years as a midterm goal, which should be a clear goal for shareholder returns. The company announced a HK$0.3 billion buyback and an additional HK$0.3 billion for an employee stock incentive plan to purchase shares (totaling HK$0.6 billion). The bank believes that introducing the buyback program in the current undervalued situation.
CICC: Maintains enn energy's 'outperform industry' rating with a target price of 70 Hong Kong dollars.
CICC released a research report stating that it maintains a 'Outperform' rating for ENN Energy (02688), with unchanged profit forecasts for 2024/2025 and a target price of 70 Hong Kong dollars. ENN Energy announced on September 23 that the $0.1 billion USD reward share purchase plan disclosed in September 2023 has been fully implemented. The company plans to use up to 0.3 billion Hong Kong dollars to continue repurchasing stocks for employee incentives. In addition, the company plans to use up to 0.3 billion Hong Kong dollars to repurchase listed company stocks for cancellation. CICC's main points are as follows: Continue to advance stock repurchases, showing bullish signals. In addition to the additional 0.3 billion Hong Kong dollars allocated for repurchasing shares for employees.
【Hong Kong Stock Connect】enn energy (02688) rose by 5.2%, planning to continue to promote share repurchases. CICC believes this move has bullish signals.
King's Wealth News | enn energy (02688) stock price rose in early trading as of press time, up 5.2% to HKD 52.6, with a turnover of 0.231 billion Hong Kong dollars. The company announced that the 0.1 billion US dollar bonus share purchase plan announced in September 2023 has been fully implemented. The company plans to use up to 0.3 billion Hong Kong dollars to continue repurchasing company stocks for employee incentives; additionally, the company plans to use up to 0.3 billion Hong Kong dollars to repurchase and cancel listed company stocks. CICC stated that the company's continued share buybacks are a bullish signal. In addition to the additional 0.3 billion Hong Kong dollars earmarked for repurchasing stocks for employee incentives, the company is implementing for the first time.
No Data
No Data
