ENN Energy Holdings Ltd
02688: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$92.00 | Qmgvbd | Mrqmkbc |
ENN Energy’s Q1 2022 Operating Statistics on Track To Meet Full-Year Targets; Shares Undervalued
We keep narrow-moat ENN Energy’s fair value estimate at HKD 138 and we think the shares are attractive now with key negatives largely priced in. We believe ENN’s first-quarter 2022 operating data can help to ease investors’ concerns as to weaker dollar margins and a dimmer new connections outlook.