Haitong International, one of the leading investment brokerage firms in China, has announced the commencement of analytical reports for all six companies affiliated with the ADNOC Group listed on the Abu Dhabi Securities Exchange. Each of these companies has received a positive rating of “outperforming expectations.”
The companies evaluated include ADNOC Distribution, ADNOC Drilling, ADNOC Gas, ADNOC Logistics and Services, Borouge, and Fertiglobe.
Haitong International indicated that these firms are poised to benefit significantly from four strategic trends over the current decade, including the growth of the energy sector in the UAE, an increase in local consumption, the rapid adoption of artificial intelligence solutions and advanced technologies, and the transition towards reducing emissions.
The “outperforming expectations” rating reflects Haitong International’s forecast that ADNOC’s listed companies will achieve performance exceeding the average of their peers in the sector over the next 12 to 18 months.
The firm also set price targets for the shares of the six companies, predicting an average potential increase of over 26% compared to current market prices.