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BofAS: CHINA GAS HOLD (00384.HK) Full-yr NP Misses; TP Dropped to $5.3
2025-06-30 16:12:00
CHINA GAS HOLD (00384.HK) recorded a net profit of approx.$3.25 billion for FY2025 ended March 2025, 12% below market consensus, according to a research report issued by BofA Securities. Its FY2025 core profit fell by 10% YoY and missed market consensus by 25%, while operating data was generally in line with expectations.

Considering the above factors, BofA Securities lowered its 2026-2028 EPS estimations for CHINA GAS HOLD by 23-24%, and dropped its target price from $6 to $5.3, believing that its dividend yield of 6.8% does not fully reflect the risks, with rating kept at Underperform.

Due to recurring impairment and cost overrun, the market is expected to reduce its EPS predictions for the company.
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