HK-listed China Gas climbs, Credit Suisse raises price target

Kunlun Energy

05/10/2018 05:01

** Shares of China Gas Holdings Ltd  0384.HK  rise 1.9 pct
to HK$21.95, on track for their third straight session of gains 
    ** Credit Suisse raises China Gas target price to HK$39 from
HK$37.50 and maintains "outperform" on the stock, saying the
firm may co-invest in LNG terminals to secure supply and
estimates that earnings are likely to come about after FY2021,
supporting margin recovery.
    ** Credit Suisse says city gas operators are expected to
benefit from China's gas reforms which will create "supply-led"
opportunities
    ** It also upgrades Anton Oilfield  3337.HK  to "outperform"
from "neutral", and raises Kunlun Energy's  0135.HK  target
price to HK$11 from HK$9.50 
    ** Shares of Anton rise 1.6 pct and Kunlun edges up 0.2 pct
    ** The Hong Kong benchmark index  .HSI  falls 0.5 pct

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)