Citi Research Watch: Citi Research has initiated a 30-day positive catalyst watch on CHINA RES GAS (01193.HK) due to potential upside from share buybacks, with the stock showing a 4.293% increase.
Share Buyback Plans: CHINA RES GAS plans to repurchase approximately 60 million shares, representing 2.6% of its issued shares, and has allocated sufficient cash for this purpose.
Profitability Improvement: The company's profitability is expected to improve, with a year-on-year growth in net profit anticipated for 3Q25, recovering from a significant decline in the first half of the year.
Retail Gas Sales Volume: A slight increase of 1-2% in retail gas sales volume is also projected for 3Q25, indicating a positive trend in the company's operational performance.
Wall Street analysts forecast 01193 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01193 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 01193 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01193 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 21.800
Low
Averages
High
Current: 21.800
Low
Averages
High
BofA Securities
BofA Securities
Neutral
maintain
$21
Al Analysis
2025-11-26
Reason
BofA Securities
BofA Securities
Price Target
$21
Al Analysis
2025-11-26
maintain
Neutral
Reason
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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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
