• Follow Us On : 

Citi Initiate BGBS with a Buy Rating and Target Price of HK$0.4


Redaksi | Rabu,09 Januari 2019 - 02:07:11 WIB
Dibaca: 335 kali 
Citi Initiate BGBS with a Buy Rating and Target Price of HK$0.4

HONG KONG, CHINA - Media OutReach - 8 January 2019 - Citi issued a research report on Beijing Gas Blue Sky Holdings Limited ("the Company" or "Beijing Gas Blue Sky", together with its subsidiaries, the "Group", HKSE stock code: 6828) today, initiate it with a Buy rating and target price of HK$0.4.

Citi expects BGBS to complete at least five acquisitions in 2019-20E and will gain superior profit growth in expansion. It expects that, BGBS EPS will grow at 60% CAGR in 2018-20E, driven by profit contribution from its 29% owned Caofeidian LNG terminal, and gas sales volume growing at 145% 2018-20E CAGR.

With strong support from Beijing Gas Group, largest shareholder of BGBS, Citi expects more quality asset injections will happen in the future. It also expects that, Beijing Gas Group will consolidate BGBS as a subsidiary so that BGBS could obtain better financing terms with SOE connections. The report stated that, the recent share price volatility looks unrelated to its fundamentals. It is optimistic with BGBS's future development and expects the Company to issue a positive alert.

About Beijing Gas Blue Sky Holdings Limited
Beijing Gas Blue Sky Holdings Limited ("Beijing Gas Blue Sky", HKSE stock code: 6828) is an integrated natural gas provider, distributor and operator, with an emphasis on the midstream and downstream natural gas development. Our natural gas business includes: (i) construction and operation of compressed natural gas ("CNG") and liquefied natural gas ("LNG") refueling stations for vehicles; (ii) construction of natural gas pipelines and operation of city gas projects by providing piped gas; (iii) direct supply of LNG to end-users; and (iv) trading and distribution of CNG and LNG.

The Group has adapted to the "One Belt One Road" policy, and focus on operating and investing natural gas business. The Group is actively expanding its business development and distribution, as well as continues to gradually expanding the scale of operations. Currently, the Group has business presence in several provinces in Northeast China, East China, Central South China and Southwest China, including Liaoning Province, Jilin Province, Shandong Province, Shanxi Province, Anhui Province, Zhejiang Province, Hubei Province, Guizhou Province, Sichuan Province and Hainan Province, etc. The Group is committed to its vision: "develop clean energy, enhance customer value, create a beautiful blue sky". In the future, it will continue to actively investing and developing natural gas business, as well as participating in the development of natural gas industry value chain.


Akses Wahanariau.com Via Mobile m.Wahanariau.com
Untuk Berbagi Berita / Informasi / Peristiwa
Silahkan SMS ke nomor HP : 085271472010
atau email ke alamat : [email protected]
Harap camtumkan detail data diri Anda
Pengutipan Berita dan Foto, Cantumkan Wahanariau.com Sebagai Sumber Tanpa Penyingkatan
TULIS KOMENTAR
BERITA TERKAIT
Selasa,31 Juli 2018 - 03:49:48 WIB

Citi Adds Three New API Partners in Hong Kong

Citi cardholders can now offset online purchases using reward points with an even wider range of mer

Sabtu,20 Januari 2018 - 13:44:32 WIB

Arcadis makes waves with Volvo Ocean Race, addressing water resiliency in Asian cities

HONG KONG - Arcadis Asia is proud to announce it is a Host City Sponsor of the Volvo Ocean Race

Jumat,28 September 2018 - 03:50:40 WIB

Imagine The Cities of 2030 at MIPIM Asia

First programme details revealed for Asia's premier property summit, taking place in Hong K

Selasa,04 September 2018 - 03:02:36 WIB

Citi Hong Kong Hosted its Annual Dinner for Citi Alumni and Quarter Century Club Members

In recognition of their contributions to the bank and banking industry in Hong Kong CHINA - Me

Selasa,23 Oktober 2018 - 19:28:25 WIB

Citi and Octopus Launch API-Driven Service in Hong Kong

Octopus App users can now easily apply for a Citi Octopus Platinum Card through the p

Kamis,27 Desember 2018 - 04:27:59 WIB

Citi Hong Kong Announces Senior Appointments in Consumer Banking'

Josephine Lee as Head of Retail Banking and William Ross as Head of Customer Franchise HONG KONG, C

BERITA LAINNYA
Senin,19 Agustus 2019 - 14:16:59 WIB

Komisi Dakwah MUI Nilai UAS Tak Bermaksud Mencela Agama Lain

JAKARTA - Wakil Ketua Komisi Dakwah Majelis Ulama Indonesia (MUI), Fahmi Salim merespon soal isi cer

Senin,19 Agustus 2019 - 14:03:14 WIB

Polisi Negosiasi dengan Massa Manokwari

MANOKWARI - Kepolisian Daerah Papua Barat sudah turun melakukan pengamanan terkait aksi unjuk rasa m

Senin,19 Agustus 2019 - 13:55:10 WIB

Rusuh di Manokwari Dipicu Insiden Surabaya - Malang

JAKARTA - Kapolri Jenderal Tito Karnavian mengakui kerusuhan di Manokwari, Papua Barat, Senin (19/8/

BERGABUNG DI SINI
KABAR POPULER
IKUTI BERITA KAMI