No Data
Citigroup: Assigns HK & CHINA GAS (00003) a "Neutral" rating and raises the Target Price to 7 HKD.
The bank assigned a neutral rating, mainly based on the moderate profit growth expected for the gas Business in mainland China, with a projected retail gas growth of 4% to 5% for the fiscal year 2025, but the number of new household connections is declining.
Core business profit increased by 5%. How does HK & CHINA GAS (00003.HK) achieve both "stability" and "growth"?
The grand narrative of Global Capital Markets experiencing an 'East Rising, West Falling' phenomenon is quietly unfolding, with Chinese Assets represented by Hong Kong stocks making a strong rise. Numerous foreign Institutions, including Goldman Sachs and Morgan Stanley, have expressed their Bullish outlook on Chinese Assets, with the Hang Seng Index accumulating a gain of over 23% since the beginning of the year.
GF SEC: The gas price is finalized + performance turning point, combining both dividends and cyclical benefits.
The urban gas business model is stable, cash flow is good, and the current policy of continuous price adjustments is being promoted, which belongs to a sub-industry with a high degree of utility. It may welcome a reassessment of urban gas's value within the year.
HK & CHINA GAS (00003) will distribute a final dividend of HK$0.23 per share on June 23.
HK & CHINA GAS (00003) announced that it will distribute dividends on June 23, 2025, for the period ending December 2024...
HK & CHINA GAS (00003.HK) core profit for the business in 2024 increased by 5% to 5.955 billion Hong Kong dollars, with a final dividend of 23 Hong Kong cents.
On March 19, Glorious reported that HK & CHINA GAS (00003.HK) announced that for the full year of 2024, the group's revenue is HKD 55.473 billion, with core Business profit increasing by 5% to HKD 5.955 billion. After accounting for non-operating gains and losses, the profit attributable to Shareholders before property revaluation is HKD 5.668 billion, an increase of 2%. After including the property revaluation, the profit attributable to Shareholders is HKD 5.712 billion. A final dividend of HKD 0.23 per share is proposed. Together with the interim dividend of HKD 0.12 per share already distributed on September 11, 2024, the total dividend for the year amounts to HKD 0.35 per share.
Hong Kong and China Gas' Chairmen: Gas Sales in Hong Kong Expected to Maintain Steady Growth>0003.HK
