<Research>M Stanley Adds HK & CHINA GAS (00003.HK) TP to $6.7, Rating Equalweight

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<Research>M Stanley Adds HK & CHINA GAS (00003.HK) TP to $6.7, Rating Equalweight

Morgan Stanley released a report lowering its 2025/ 2026 earnings estimations for HK & CHINA GAS (00003.HK) by 4-5%, after considering the recent developments in the gas market...

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<Research>M Stanley Adds HK & CHINA GAS (00003.HK) TP to $6.7, Rating Equalweight

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STOCK INFO

Morgan Stanley released a report lowering its 2025/ 2026 earnings estimations for HK & CHINA GAS (00003.HK) -0.100 (-1.422%) Short selling $23.46M; Ratio 11.191% by 4-5%, after considering the recent developments in the gas market and its 2024 results and due to lowered volume growth assumptions.

However, due to a higher valuation basis of a projected 2025 PE ratio of 20x (previously 18x), the broker added its target price by 8% to $6.7, from $6.2, reflecting an improvement in stock market sentiment amid rising macro uncertainty and declining interest rates, with rating at Equalweight.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-21 12:25.)

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