UBS: Maintains China Gas (00384.HK) target price at 8.9 Hong Kong dollars, rating it as "buy"

Wisdom Financial APP learned that UBS released a research report stating that it maintains a target price of 8.9 Hong Kong dollars and a "buy" rating for China Gas (00384.HK). Management has indicated that the dividend per share will not be less than 0.35 Hong Kong dollars by the end of 2027, with the decrease in the dividend ratio explained by retaining funds for capital expenditures to support a 15% target growth rate. This indicates that the current reduction reflects reinvestment for future growth, rather than weak cash flow.