Dongwu Environmental released a bullish note on Shouhua Gas, highlighting that European gas prices have risen above Q1 highs and that domestic Chinese gas prices are expected to continue rising due to high import dependency. The broker estimates 2026-2027 net profit of RMB 687/844 million and sees significant earnings elasticity if gas prices increase 30-50%.
Dongwu Environmental reiterates a bullish view on Shouhua Gas, citing strong gas price elasticity and growth potential from deep coalbed methane.
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