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home / news releases / enn energy uncertainty over gas demand


XNGSY - ENN Energy: Uncertainty Over Gas Demand

Elevator Pitch

I maintain my "Neutral" rating on Hong Kong-listed Chinese gas distributor ENN Energy Holdings Limited (XNGSY) (XNGSF) [2688:HK].

ENN Energy's gas sales volume declined -5% YoY for the first two months of FY2020 as a result of the coronavirus outbreak. There is uncertainty over future gas demand for the rest of the year, which is dependent on how the coronavirus situation evolves in Mainland China going forward.

On the positive side of things, ENN Energy is expected to benefit from lower imported LNG costs as a result of the

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Stock Information

Company Name: ENN Energy Holdings Ltd ADR
Stock Symbol: XNGSY
Market: OTC

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