ENN Energy Holdings Ltd
02688: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$92.00 | Qrqvp | Pkftrqjt |
Mixed First-Half 2022 Results for ENN Energy; Lower Gas Sales Volume Offset by Trading Gain
While narrow-moat-rated ENN Energy’s first-half 2022 net profit was down 18% year on year, core profit (stripping out items such as other losses and share-based payment expenses) of CNY 4.1 billion was up 11% and beat our expectation.