[Brokerage Focus] BOCOM INTL indicates that the overseas uncertainties are easing and remains Bullish on the Hong Kong stock AI and Technology Sector.

Jinwu Financial News | BOCOM INTL released the May selection. After the implementation of Trump's "reciprocal tariff" policy, China has taken multiple measures to maintain stability in the Capital Markets. The impact of tariffs has slowed down by late April, and overseas uncertainty has diminished, leading to a general recovery in Global stock indices. The Politburo meeting in April directly addressed the challenge of increasing "external shock impacts" and proposed a series of more forward-looking and targeted policy plans. The bank remains Bullish on the Hong Kong stock AI and Internet Sectors, as AI infrastructure suppliers, Cloud Computing providers, and AI application-related symbols are entering a valuation reconstruction window. It is recommended to focus on leading enterprises with technological accumulation and commercialization capabilities. Semiconductors

Jinwu Financial NewsMay 1 20:34 ET

BOCOM INTL: Downgraded ENN ENERGY's Target Price to HK$74.6, maintaining a "Buy" rating.

BOCOM INTL released a Research Report stating that it has lowered the Target Price for ENN ENERGY (02688) to HKD 74.6, maintaining a Buy rating. The bank has reduced the company's profit forecast for 2025/2026 by 4%/6%. In the first quarter, retail gas volume increased by 0.3% year-on-year, still better than the year-on-year decrease of 2.2% in the apparent Consumer volume of natural gas in the mainland for the first quarter. As for the gross profit margin, there has been a quarter-on-quarter improvement, and the bank estimates a significant growth compared to last year’s level of 0.48 RMB per cubic meter in the first quarter.

Sina Hong Kong StocksApr 28 23:26 ET

BOCOM INTL: Downgraded the Target Price of ENN ENERGY (02688) to HKD 74.6, maintaining a "Buy" rating.

The bank has lowered the company's profit forecast for 2025/2026 by 4%/6%.

Zhitong FinanceApr 28 22:36 ET

[Brokerage Focus] BOCOM INTL maintains a Buy rating on ENN ENERGY (02688), expecting moderate profit growth to continue over the next three years.

Goldwell Financial News | BOCOM INTL Research Reports indicate that ENN ENERGY (02688) experienced a 0.3% year-on-year growth in retail gas volume for the first quarter, still outperforming the 2.2% year-on-year decline in apparent Consumer consumption of natural gas in mainland China during the same period. In terms of gross margin, there was an improvement compared to the previous quarter, with the bank estimating a significant growth relative to last year's first quarter average of 0.48 yuan per cubic meter. Regarding new connections, residential connections decreased by 16% year-on-year to 0.287 million households, which remains within expectations. In the diversified energy Business, sales volume increased by 9.9% year-on-year to 10 billion kilowatt-hours, and the bank believes that the warm winter still had some impact on diversified energy sales volume. The company's privatization initiative.

Jingu Financial NewsApr 28 21:47 ET

[Brokerage Focus] Guotai HAITONG SEC: The understanding of the Electrical Utilities market among companies and investors will change in 2025-2026.

Jinwu Financial News | Guotai HAITONG SEC states that in 2025-2026, both power companies and investors will change their understanding of the electrical utilities market. Currently, the further north you go, the better the coal power generation price: the higher the proportion of new energy, the scarcity of coal power generation is evident. At the same time, this year's annual long-term contract prices in the south have also put pressure on coal power generation there, as power plants shift from pursuing quantity to focusing on price and efficiency, and recently, spot electricity prices in the south have started to rise. It is believed that the possibility of northern electricity prices bottoming out is already quite high, while regional disparities in the south still exist. In the future, we may witness two historic firsts: 1. Rising spot electricity prices in 2025, 2. Increased annual long-term contracts in 2026.

Jingwu Financial NewsApr 28 21:37 ET

ENN ENERGY (02688) achieved a retail sales volume of 7.258 billion cubic meters of Henry Hub Natural Gas in the first quarter, a year-on-year increase of 0.3%.

ENN ENERGY (02688) released its operating data for the three months ending on March 31, 2025. During this period, the group's T...

Zhitong FinanceApr 25 04:45 ET