turboslot| Citi: Raises China Resources Gas target price to HK$29.5 and reduces its rating to "neutral"

Citi released a research report sayingturboslot, the target price for China Resources Gas (01193) is raised from HK$26 to HK$29turboslot.5 Hong Kong dollarsturboslot, considering the recent sluggish growth in retail sales and the lack of M & A catalysts, the rating was downgraded from "Buy" to "Neutral".

The bank said it is more optimistic about ENN Energy (02688) in China's gas industry because of its higher monthly gas sales growth. In addition, China Resources Gas has launched a 30-day downward catalytic observation. Because of its high base, it is expected that the growth rate of natural gas retail sales from April to May will slow down compared with the first quarter. Due to the increase in unit profits and the decline in depreciation costs, the Group's net profit forecast from 2024 to 2026 has been raised by 4% to 8%.

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