Risk factor
Strong & resilient to price shocks
Profitability factor
Excellent dividends
About
Towngas Smart Energy Company Limited operates as an investment holding enterprise, primarily engaged in the marketing and supply of piped gas across the People's Republic of China. Its operations are divided into two core areas: the sale and distribution of piped gas along with related products, and gas connection services. The company offers a comprehensive array of natural gas services, encompassing the provision of natural gas, the construction of essential gas pipelines, the management of urban pipeline networks, the retail of gas-powered household appliances, and other value-added offerings. Additionally, it provides financial services, executes engineering projects, runs vehicle gas refueling stations, and develops advanced smart energy solutions. Serving an extensive customer base of approximately 15.09 million, this Hong Kong-headquartered firm, established in 1998 in North Point, was formerly known as Towngas China Company Limited until its renaming in December 2021. It functions as a subsidiary of The Hong Kong and China Gas Company Limited.
Company Valuation
Considering past and projected metrics, the stock is 'cheaper' than its peers. In particular, the stock is underpriced on P/E, of fair value on EV/EBITD.
Target Price
The average target price of 1083.HK is 4.4 and suggests 39.4% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in