Gas stocks generally rose. As of press time, ENN Energy (02688) rose 3.63% to HKD 62.75, Kunlun Energy (00135) rose 2.83% to HKD 8.35, and China Gas Holdings (00384) rose 2.33% to HKD 7.46.
It is reported by the Wise Finance App that gas stocks are generally on the rise. As of press time, ENN Energy (02688) rose 3.63% to HKD 62.75, Kunlun Energy (00135) rose 2.83% to HKD 8.35, China Gas Holdings (00384) rose 2.33% to HKD 7.46, and China Resources Gas (01193) rose 1.95% to HKD 28.8.
According to a recent research report by Soochow Securities, the price of gas is gradually being adjusted and the profitability and valuation of gas companies in cities are being improved. From 2022 to the end of June 2024, 52% of cities at or above the prefecture level in the country have raised prices for residents, with a price increase of 0.22 yuan per cubic meter. As the off-season approaches, the bank believes that cities that have not carried out price increases will continue to push for them during the off-season window. It is expected that more cities will push for price increases to be realized before the coming heating season in 2024 (before the end of October 2024), and the elasticity of price increases will continue to show.
