JPM Increases CHINA RES GAS Price Target to HKD19; Maintains Neutral Rating
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 04 2025
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Source: aastocks
Stock Performance: CHINA RES GAS has stabilized after underperforming the market since its FY24 results, but key operational indicators have not shown recent improvements to boost stock prices.
Earnings Outlook: JPMorgan indicates that the company's city gas business may face ongoing earnings pressure due to limited sales volume growth, declining gross margins, and a drop in new connection volumes.
Interim Results: The company's interim net profit decreased by 30.5% to HKD2.403 billion, although it raised its dividend by 20% to HK30 cents.
Target Price Adjustment: The target price for CHINA RES GAS was slightly increased from HKD18.5 to HKD19, while maintaining a Neutral rating.
Analyst Views on 01193
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.
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Current: 21.800
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Current: 21.800
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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.
