Hong Kong and China Gas fell 1.51% Citi bid for HK $10.8

Source: Internet
Author: User
Keywords Hong Kong Dollar Citi
Tags .mall business company high index it is local projects
The Hong Kong and China Gas Company (00003-HK) fell by 1.51% in half a half-day to HK $15.62, a deal of HK $61.1304 million, which ran slightly ahead of the big city and the index fell 1.97%. Citigroup reiterates its selling rating at a target price of HK $10.8. Citigroup said that the local gas business slowdown, the mainland to carry out gas price reform, and its benefits are not small, while the mainland's new energy projects profitability performance is more volatile. The bank expects its repurchase shares to be limited to HK $16.2, while the current price is expected to be as high as 24.5 times, and the interest rate is only 2.2, so it is overvalued.
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