ENN's Positive Outlook Intact Despite Margin Pressure; Increasing FVE to HKD 59
After factoring in the impact of better cost control, higher volume growth, and a stronger renminbi, we increase narrow-moat ENN’s fair value...
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Impact of Return Cap for China's City Gas Distributors Hinges on Connection Fee Treatment
The shares of China city gas distributors took a hit May 15 following news that the government may impose a 6% cap on the annual rate of return on...
354 Views
ENN Energy Reports Solid 2016 Results; Shares Remain Undervalued
Narrow moat-rated ENN Energy posted 2016 net profit of CNY 2.15 billion, up 5.6% year over year. Excluding other gains and losses, which include...
240 Views
Softening Coal Prices and Improving Demand Will Drive a Better 2017 Outlook for Coal-Fired IPPs.
Despite improving power demand, China’s coal-fired independent power producers’, or IPPs’, fourth-quarter profits are set to be hit by surging coal...
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ENN Energy: Golden Long-Term Opportunity as Top Chinese Gas Distributor Valuation Hit Multi-Year Low
Energy Holdings Ltd (2688 HK) (“ENN”) is the largest privately-owned gas distributor in China. Despite China’s determination to lower pollution...
357 Views