Fitch has downgraded the global oil and Henry Hub Natural Gas industry's outlook rating to "negative".

The rating agency Fitch stated that due to the pressure on demand caused by U.S. tariffs, OPEC+ increasing production, and rising non-OPEC+ supply, it has downgraded the global Oil and Henry Hub Natural Gas Industry outlook for this year from "neutral" to "deteriorating." However, this has limited impact on the ratings of individual issuers, as the current issuers' balance sheets have been built after a "period of high oil prices and strict capital discipline." Fitch currently expects global oil demand to grow by about 0.8 million barrels per day this year, down from the previous forecast of slightly above 1 million barrels, as accelerated supply growth means the market will continue to experience supply surplus, affecting this year's oil price forecast.

AASTOCKSJun 12 08:17

CICC: The abundance of funds in the Hong Kong stock market and the scarcity of Assets.

CICC believes that the "abundance of funds" due to excessive liquidity and the "lack of assets" with limited returns will inevitably lead to overall Index trends being difficult to find, resulting in range-bound fluctuations, while structural market trends will flourish. Currently, the overall macro and market environment in China still needs repair but has structural highlights that are more favorable for Hong Kong stocks. This is because whether it is providing stable returns through dividends, or representing the mainline of structural opportunities such as new consumption, AI Technology, or even innovative drugs, Hong Kong stocks have a greater advantage, which also explains the outperformance of the Hong Kong stock market.

CICC Insight.Jun 10 11:19

Citi Downgrades Beijing Enterprises to Neutral From Buy; Price Target Is HK$35

MT NewswiresJun 9 17:25 · Ratings

Citi has downgraded BEIJING ENT (00392.HK) to a "Neutral" rating and raised the Target Price to 35 yuan.

According to a Citibank research report, BEIJING ENT (00392.HK) has seen its stock price surge by 21% and 34% over the past three and six months respectively, influenced by domestic investors' preference for dividend stocks. However, the group's current yield of 4.9% is no longer competitive, with RUNFAN (01193.HK) and TG SMART ENERGY (01083.HK) yielding 5.3% and 5.4% respectively. Therefore, the rating has been downgraded from 'Buy' to 'Neutral', but the Target Price has been raised from 29 HKD to 35 HKD, based on a downward adjustment of the weighted average cost of capital (WACC) forecast. The firm also revised its net profit forecast for BEIKONG for the years 2025 to 2026.

AASTOCKSJun 9 12:51

Not only in pharmaceuticals and new consumption, but "high-yield stocks" are also quietly reaching new highs! Seven stocks have been massively bought by Northbound funds exceeding 10 billion.

As of June 9, the Hong Kong stock "High Dividend Stock Concept" Index has fully regained the ground lost since the liberation by Trump, reaching a historical high. Looking back, in the 18 months since 2024, the High Dividend Stock Concept Index has only declined for 4 months, providing investors with a good holding experience.

Futu NewsJun 9 12:36

HSBC Research downgraded North Control (00392.HK) to "Hold" with valuation returning to a reasonable level.

HSBC Research released a report indicating that BEIJING ENT (00392.HK) has outperformed the market year-to-date, with its stock price increasing 24% this year (compared to peers whose prices have fluctuated between a decline of 30% to an increase of 17%). It believes that after a period of upward movement, with a forecasted dividend ROI of 5.1%, its current price valuation has returned to a reasonable level; therefore, it has lowered the rating to "Hold," and the Target Price has been raised from 31.6 yuan to 33.9 yuan. The report states that the review of distribution price costs for natural gas in Beijing will drive long-term improvements in the Henry Hub Natural Gas business. Along with an increase in production at the Tianjin LNG receiving station, profit forecasts for 2025 to 2026 have been revised upward.

AASTOCKSJun 6 10:57