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Daiwa Downgrades CHINA GAS HOLD (00384.HK) to Hold, Cuts TP to HKD6
2026-06-22 13:23:49
Daiwa issued a research report downgrading CHINA GAS HOLD (00384.HK) from Outperform to Hold, and lowered its 12-month TP from HKD8.3 to HKD6.

The broker said it remains cautious ahead of the company’s FY2026 results announcement for the year ended March, citing limited near-term catalysts.

Daiwa trimmed its EPS forecasts for FY2026-27 by 11-25%, owing to more conservative assumptions on gas sales volume and connection revenue. Its EPS forecasts for FY2026-28 are 5-18% below consensus.
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AASTOCKS Financial News
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