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Credit Suisse ups ENN Energy (02688) to HK$73
Credit Suisse lifted its target price for ENN
Energy Holdings (02688) to HK$73 from HK$72, and maintained its "outperform" rating.
  Despite margin pressure due to winter gas shortages, the research house expects ENN to 
benefit from the incoming LNG terminal, which could offset the lower margin. Credit Suisse
slightly revised up its EPS forecasts by 0.3-1% for FY2018-19.
  Given the mix shift and cost increases during the winter gas shortages, Credit Suisse
estimated ENN's dollar margin to be 3-4% lower. But this could be more than offset by the
LNG terminal (to be operational in 2H 2018), which could bring in cost benefit and 
contribute Rmb187-374mn (or 4-6%) to ENN's earnings in FY2018-20. 

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