HONG KONG (AFX-ASIA) – UBS Warburg has raised its earnings forecasts for Xinao Gas Holdings Ltd (2688.HK) for 2002, 2003 and 2004 by 7 pct, 33% and 48%, respectively, on faster-than-expected expansion. At the same time, the house maintained its ‘strong buy’ recommendation on the stock with a target price of HK$3.44. (US$1=HK7.78). UBS Warburg…

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