The analyst rating for CHINA RES GAS (01193.HK) was reiterated at Neutral by BofA Securities due to a combination of factors. While the company's natural gas sales showed a slight year-over-year increase and there was a positive rebound in industrial gas volume, the overall commercial gas volume remained weak. The target price was raised from $21 to $22.5, reflecting a slightly high valuation. However, the expected support for the stock price comes from a 4.6% dividend yield and buyback returns of about 3%, particularly with a more favorable base anticipated in the second half of 2025.

Citi Research

initiated

2025-10-20

Reason

Citi Research

Price Target

2025-10-20

initiated

Reason

The analyst rating from Citi Research is positive due to several key factors: 1. Share Buybacks: CHINA RES GAS has announced plans to repurchase approximately 60 million shares, which represents 2.6% of its issued shares. This buyback is expected to create upside potential for the stock. 2. Sufficient Cash Reserves: The company has set aside enough cash for these buybacks, indicating financial stability and a commitment to returning value to shareholders. 3. Increased Profitability: The company's profitability is improving, with a projected year-over-year growth in net profit for 3Q25, recovering from a significant decline in the first half of the year. 4. Sales Volume Growth: A modest increase in retail gas sales volume is anticipated, further supporting the positive outlook. Overall, these factors contribute to the positive catalyst watch on CHINA RES GAS, suggesting potential for stock price appreciation.

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01193 Should I Buy

01193 Should I Buy

Should You Buy CHINA RES GAS (01193) Today? Analysis, Price Targets, and 2026 Outlook.

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