• 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: 155 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,15 Januari 2019 - 01:57:49 WIB

CITIC-Prudential Receives Regulatory Approval to Establish a Branch in China’s Shaanxi Province

HONG KONG, CHINA - Media OutReach - 14 January 2019 - CITIC-Prudential Life

Rabu,19 September 2018 - 07:04:04 WIB

Citizens Continue Spending Big on Travel ITE Hong Kong’s Survey Reveal Affluent Travelers’ Preferences

GERMANY - Media OutReach - 18 September 2018 - Hong Kong named World&#

Kamis,13 Desember 2018 - 16:04:43 WIB

Citi Hong Kong Releases Results of 2018 Residential Property Ownership Survey

HONG KONG, CHINA - Media OutReach - 13 December 2018 - Citi Hong Kong 

Selasa,06 November 2018 - 00:22:17 WIB

Citi Sponsors Hong Kong FinTech Week Again Promoting Diversification and Sustainability of FinTech Ecosystem

HONG KONG, CHINA - Media OutReach  - November 5, 2018 - Citigroup

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

Sabtu,22 Desember 2018 - 03:37:58 WIB

FrieslandCampina Hong Kong is awarded the 9th Hong Kong Outstanding Corporate Citizenship Logo and the Social Capital Builder Awards

HONG KONG, CHINA - Media OutReach - December 21, 2018 - FrieslandCampina (H

BERITA LAINNYA
Selasa,15 Januari 2019 - 02:08:37 WIB

Blockchain Project OASIS BEBIT Hosted Singapore Meetup Successfully

SINGAPORE - Media OutReach - 14 January 2019 - January 10, 2018, project OASIS B

Selasa,15 Januari 2019 - 02:04:25 WIB

ABACA member CEZEX becomes Asia’s First Digital Asset Exchange for Currency, Asset-Backed Security Tokens and Derivatives

SINGAPORE - Media OutReach - 14 January 2019 - Asia Blockchain and Crypto Associ

Selasa,15 Januari 2019 - 02:00:58 WIB

Chubb Appoints Glen Browne Deputy Regional President for Asia Pacific and Division President, Southeast Asia

SINGAPORE - Media OutReach - 14 January 2019 - Chubb announced today the appoint

BERGABUNG DI SINI
KABAR POPULER
IKUTI BERITA KAMI