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| HSCEI1 | 9,028.55 | -154.10 | 57.99B |
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2025-12-03 10:23:54 ENN ENERGY (02688.HK) recently announced that, due to the need for additional time to meet remaining pre-conditions, the latest date for despatching the privatization scheme document was further extended from 1 December to a date no later than 30 January 2026. JPMorgan released a research report believing that the delay in the privatization scheme is not entirely unexpected by the market, as the management did not disclose the latest progress of the privatization at its latest 3Q25 results briefing. The broker currently believed that ENN ENERGY's H-shares offer better risk-return compared to A-shares, and expected the delay in the privatization scheme to have a slight negative impact on its share price. CHINA GAS HOLD (00384.HK) reported disappointing results for 1HFY2026 ended September 2025, with all operational indicators showing weakness, JPMorgan added. However, the broker now estimated CHINA GAS HOLD's gas sales to gradually recover in the next 2-3 months due to a low base on winter gas usage volume. With a better mechanism for passing on residential gas costs, JPMorgan believed that most gas stocks can achieve stable margins YoY. At the current valuation level, JPMorgan suggested investors to pay attention to the market entry opportunities of KUNLUN ENERGY (00135.HK), noting that companies like CHINA RES GAS (01193.HK) and KUNLUN ENERGY have seen quarterly improvements in gas sales. It is expected that KUNLUN ENERGY's sales growth in 2H25 could exceed 5%. ~ AASTOCKS Financial News Website: www.aastocks.com | |