Risk factor
Low price volatility
Profitability factor
Excellent dividends
About
China Resources Gas Group Limited functions as an investment holding entity, primarily focused on the distribution of liquefied natural gas and the establishment of gas pipeline networks. Its operations are divided into several key divisions: Gas Fuel Sales and Distribution, Gas Pipeline Installation, Gas Appliance Retailing, Design and Construction Services, and Gas Station operations. The Gas Fuel Sales and Distribution segment supplies natural gas and liquefied petroleum gas (LPG) to residential, commercial, and industrial clients. The Gas Pipeline Installation division undertakes the construction of gas pipeline infrastructure under specific contractual agreements. Through its Gas Appliance Retailing segment, the company offers various gas-powered appliances and related products. The Design and Construction Services segment provides comprehensive solutions, including design, construction, consultancy, and management for gas connection projects. Additionally, the Gas Station operations manage the sale of gas fuel at its natural gas filling stations. As of December 31, 2021, China Resources Gas Group Limited managed 266 city gas projects spanning 22 provinces across the People's Republic of China. The company's corporate headquarters are located in Wan Chai, Hong Kong, and it operates as a subsidiary of China Resources (Holdings) Company Limited.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITDA, reaso
Target Price
The average target price of 1193.HK is 20 and suggests 32.2% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc