ENN Energy Holdings Ltd

02688: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HKD 36.00	Hknxhm	Qfmlrtb

ENN Energy’s Q1 2022 Operating Statistics on Track To Meet Full-Year Targets; Shares Undervalued

Chokwai Lee

Apr 29, 2022

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.

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