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<Research>UOB Kay Hian Upgrades ENN ENERGY (02688.HK) to Buy; Privatization Price Appealing
Recommend 6 Positive 16 Negative 7 |
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UOB Kay Hian’s research report stated that ENN ENERGY (02688.HK) recorded a core profit of RMB6.952 billion for 2024, down 8.4% YoY, surpassing expectations, while its core domestic profit added 10.2% YoY to RMB6.712 billion, in line with forecasts. The company proposed an attractive privatization plan at HKD80 per share, aiming to streamline operations and enhance capital efficiency. The broker upgraded the stock to Buy and raised the target price from HKD58.4 to HKD73.7. AAStocks Financial News |
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