Risk factor
Weak & very vulnerable to price shocks
Profitability factor
Excellent dividends
About
Established in 1992 and headquartered in Foshan, China, Foran Energy Group Co.,Ltd. operates within China's natural gas sector, focusing on the transportation and retail of natural gas. The company's services extend to the planning and construction of gas pipeline infrastructure, alongside providing a range of gas-related engineering solutions. Notably, it holds exclusive franchise rights for gas pipeline operations across four distinct districts. In March 2020, the entity, previously known as Foshan Gas Group Co.,Ltd., officially rebranded to its current name.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. Specifically, the stock is fairly valued on P/E, neutral on EV/EBIT
Target Price
The average target price of 002911.SZ is 17 and suggests 76.6% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i