UBS released a research report saying that it maintains the "neutral" rating of ENN Energy (02688) and raises its unit profit forecast from 2024 to 2026 to 0888casino88freespins.54, 0.56 and 0.56 yuan, the forecast for new connections for the whole year was raised to 1.58 million, and the target price increased slightly from HK$71 to HK$72. The company's first-quarter operating data is in line with expectations. It is believed that investor response remains neutral and that it is expected to achieve full-year growth guidance.
UBS said it will slightly downgrade ENN Energy's 2024 - 2026 earnings forecast by 3%, 4% and 1%, and downgrade its earnings forecast per share to RMB 6.21, 6.62 and 7.24, reflecting that it will record an LNG trade income of approximately RMB 300 million this year, lower during the year.888casino88freespinsNatural gas sales expectations, as well as higher unit profit and new connections forecasts, are partially offset by lower operating margins and revenue expectations.