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<Research>Daiwa Names ENN ENERGY, NEWAY as Top Picks, Expects Oil & Gas Prices to Remain Elevated for Longer
Brent oil prices fell yesterday (10th), after surging to a peak of USD117 per barrel the previous day due to US President Donald Trump's prediction that the Iran war might end ...
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<Research>Daiwa Names ENN ENERGY, NEWAY as Top Picks, Expects Oil & Gas Prices to Remain Elevated for Longer
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Brent oil prices fell yesterday (10th), after surging to a peak of USD117 per barrel the previous day due to US President Donald Trump's prediction that the Iran war might end soon, according to a report from Daiwa.

However, the Hormuz Strait crisis has reshaped the risk-reward profile of the oil and gas sector. Even considering a potential easing of the situation to some extent, it is expected that the central level of oil and gas prices will remain elevated for a longer period. Daiwa's top picks for this sector are ENN ENERGY (02688.HK)  +0.300 (+0.473%)    Short selling $29.42M; Ratio 19.957%   and NEWAY (603699.SH)  -1.740 (-3.330%)   .

Believing that the short-term rise in natural gas prices will erode city gas stocks' recent profit margins, Daiwa also maintains a cautious stance on these stocks. In addition, it predicts that CHINA RES GAS (01193.HK)  +0.160 (+0.844%)    Short selling $7.93M; Ratio 185.875%   and other distributors with a high proportion of liquefied natural gas will be the main losers if the Title Transfer Facility (TTF) and JKM prices remain high for longer than expected.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.) (A Shares quote is delayed for at least 15 mins.)

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