HSBC Global Research issued a research report anticipating that natural gas utilities will report low single-digit profit growth in 1H25 results to be announced in August, with the reduction in new connections and slowing growth in natural gas demand. The broker remained optimistic about ENN ENERGY (02688.HK) -0.700 (-1.087%) Short selling $25.52M; Ratio 14.260% due to its more integrated and diversified investment portfolio, which exhibits high-quality characteristics in terms of profit and cash flow, enabling it to maintain or increase dividends. Recent M&A activities continued to be key drivers for its stock price. Related NewsCiti Downgrades CHINA RES GAS (01193.HK) to Sell, Chops TP to $18, Expects 1H Profit to MissHSBC Global Research was also optimistic about TG SMART ENERGY (01083.HK) -0.010 (-0.244%) Short selling $6.21M; Ratio 17.810% due to its strong profit growth and attractive risk-reward profile, as well as KUNLUN ENERGY (00135.HK) -0.050 (-0.641%) Short selling $10.60M; Ratio 17.622% for its outstanding cash value.HSBC Global Research downgraded CHINA RES GAS (01193.HK) -0.050 (-0.247%) Short selling $13.56M; Ratio 17.481% from Hold to Underweight on a sharp decline in new connections and a contraction in value-added services, and lowered its profit estimations. The broker upgraded KUNLUN ENERGY from Hold to Buy, as it demonstrated continued profit resilience with its more integrated and diversified oil and gas portfolio, while its net cash balance is significantly higher than its peers. The latest ratings and target prices of the sector are listed in a separate table.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 16:25.)Related NewsHSBC Global Research Ratings, TPs on Gas Utilities (Table)