Deutsche Bank cuts target for China Gas stock to HKD 8.20

Published on 10/20/2026 at 20:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 profit fell 16.38 percent to HKD 2.72 billion. China Gas stock costs EUR 0.57 on October 20, 2026, down 1.76 percent on Hong Kong.

Analyst target and earnings

Deutsche Bank cut its China Gas target from HKD 9.00 to HKD 8.20 on October 20, 2026.
Fiscal 2026 profit fell 16.38 percent to HKD 2.72 billion.
China Gas stock costs EUR 0.57 at Lang & Schwarz on October 20, 2026 at 8:31 p.m. CEST, down 1.76 percent on Hong Kong.
The next earnings report is scheduled for November 30, 2026.

China Gas, BMG2109G1033, Illustration mit AI erstellt.

China Gas stock faces a lower Deutsche Bank target after the bank cut its view from HKD 9.00 to HKD 8.20 on October 20, 2026. Guandian reported that Deutsche Bank kept its Buy rating while reducing its earnings forecasts for fiscal years 2027 through 2029 by 6 percent to 8 percent. China Gas was last at HKD 5.04 on Hong Kong on October 20, 2026 at 4:08 p.m. HKT, down 1.76 percent from HKD 5.12.

Target cut leaves measurable upside

The new HKD 8.20 target stands 62.70 percent above the HKD 5.04 Hong Kong price. Deutsche Bank tied the reduction to lower assumptions for gas unit margins and sales volumes, while its estimate for the fiscal 2027 dividend yield was about 7 percent, according to Guandian.

Profit and the yearly range

China Gas reported fiscal 2026 profit attributable to shareholders of HKD 2.72 billion, down 16.38 percent from the previous fiscal year. The figure and the HKD 0.50 earnings per share were reported by ET Net for the year ended March 31, 2026.

China Gas traded within a HKD 4.96 to HKD 8.85 52-week range as of October 20, 2026. Its market capitalization was HKD 27.4 billion, with a P/E ratio of 9.87 and a dividend yield of 7.00 percent. The lower end of the range is 1.59 percent below the latest Hong Kong price.

Valuation and reporting date

The next earnings report is scheduled for November 30, 2026, according to TradingView. That date will give investors a fresh comparison with the fiscal 2026 profit decline and the weaker assumptions behind the Deutsche Bank target.

Comparison with peers

China Gas: down 1.76 percent, P/E 9.87, market capitalization HKD 27.4 billion.

The Hong Kong and China Gas Company: up 0.28 percent, P/E 21.28, market capitalization HKD 135.0 billion.

Kunlun Energy: down 0.07 percent, P/E 10.20, market capitalization HKD 65.1 billion.

After-hours price in euros

China Gas was trading at EUR 0.57 at Lang & Schwarz on October 20, 2026 at 8:31 p.m. CEST. The euro quote places the stock below its Hong Kong price in the separate local-market view, while the analyst target remains denominated in HKD.

The further course of trading is shown by the continuously updated real-time quote of China Gas stock.