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<Research>DBS Trims CHINA RES GAS (01193.HK) TP to $24.3, Rating Hold
Gas supply growth of CHINA RES GAS (01193.HK) in 1Q25 was severely affected by the warm winter, while industrial demand remained weak, DBS Group Research issued a research report s...
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<Research>DBS Trims CHINA RES GAS (01193.HK) TP to $24.3, Rating Hold
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STOCK INFO

Gas supply growth of CHINA RES GAS (01193.HK)  -0.400 (-1.778%)    Short selling $10.82M; Ratio 8.299%   in 1Q25 was severely affected by the warm winter, while industrial demand remained weak, DBS Group Research issued a research report saying.

The broker believed that the 4-5% growth target in gas supply by FY2025 set by the management is challenging, and that there are still downside risks as the impact of US tariffs has not yet been reflected.

Therefore, DBS Group Research lowered its growth assumption by 1.3 ppts to 2%, and trimmed its target price to $24.3 from $27, with rating at Hold.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)

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