J.P. Morgan raised the target price for CIMC Enric (03899) to HKD12 from HKD9 and maintained the "overweight" rating.
The research house said its overweight view reflects CIMC Enric's evolution into a full-stack decarbonisation platform, with improving earnings visibility from green methanol, shipbuilding and coke-oven-gas-to-LNG/hydrogen.
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