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The Hong Kong and China Gas Company Limited's (HKG:3) Largest Shareholders Are Individual Investors With 48% Ownership, Private Companies Own 42%
The Hong Kong and China Gas Company Limited's (HKG:3) Share Price Could Signal Some Risk
Market Chatter: Towngas' Biofuel Unit Eyeing London or Hong Kong as IPO Venue
Towngas, Singaporean Marine Fuel Firm to Jointly Develop Methanol Supply Chains in Asia
Citi: Maintains HK & CHINA GAS "Neutral" rating with a Target Price of HKD 6.3.
Citi published a research report stating that based on a 12-month period, it maintains a "neutral" rating for HK & CHINA GAS (00003), with a Target Price of HKD 6.3. It is expected that last year's core net profit will remain relatively flat year-on-year (recorded 5.894 billion Hong Kong dollars the year before), and the forecasted dividend yield for this year will reach 5.9%, higher than the current yield of 4.6% for the ten-year US Treasury. The report states that HK & CHINA GAS's annual dividend payment of 6.5 billion Hong Kong dollars from 2022 to 2023 has been driven by debt. The report mentions that the company hopes to generate more Cash in the long term through emerging businesses to maintain its dividend per share, such as the production and sales of sustainable Aviation fuel and green Methanol.
Citibank: Maintains a "Neutral" rating on HK & CHINA GAS (00003) with a Target Price of 6.3 HKD.
Citibank predicts that HK & CHINA GAS's dividend yield will reach 5.9% this year, higher than the current yield of 4.6% on USA ten-year government bonds.
