Tianlun Gas (01600) rose nearly 7% at the end of the session. As of press release, it rose 6.61% to HK$4.03, with a turnover of HK$3.774,200.
The Zhitong Finance App learned that Tianlun Gas (01600) rose nearly 7% at the end of the session. As of press release, it had risen 6.61% to HK$4.03, with a turnover of HK$3.774,200.
According to the news, Tianlun Gas announced at the end of April that it had obtained a gas concession for urban pipelines in Shulan City, Jilin Province, for a period of 30 years to continue deepening its main business to enhance development momentum. Up to now, the number of the company's urban gas projects nationwide has increased to 70. As an important province for Tianlun gas business, Jilin Province has now laid out 12 urban gas projects.
Societe Generale Securities pointed out that the easing of supply and demand has led to a decline in the global gas price center. At the same time, the National Development and Reform Commission is actively guiding and promoting the establishment of a linkage mechanism between gas prices and upstream and downstream natural gas prices for residents across the country. Under the two-way guidance of prices and costs, urban combustion companies have reached an inflection point in their profits. The bank also pointed out that there is still room for improvement in the pipeline gas penetration rate, and consumption is expected to maintain an annualized growth of 6%-8% until 2030; the utility attributes and better cash flow characteristics brought about by gross margin management further highlight the investment value.