UBS Raises Target Price for CHINA GAS HOLD to HKD 8.9, Anticipates 7% Dividend Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: aastocks
UBS Rating and Target Price: UBS maintains a Buy rating on CHINA GAS HOLD (00384.HK) and raises its target price from HKD8.2 to HKD8.9, citing a strong dividend yield of 7% that surpasses the industry average of 4-5%.
Dividend Sustainability: The broker anticipates that CHINA GAS HOLD can sustain a dividend per share of HKD0.5 for the fiscal year ending March 2026, providing downside support despite weak fundamentals.
Analyst Views on 00384
Wall Street analysts forecast 00384 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00384 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: 7.610
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Current: 7.610
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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.
