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Market Chatter: Towngas Expects Up to 10% of Suppliers to Participate in Green Finance Project
hk & china gas (00003) rose more than 3% in Hong Kong stock market. Its subsidiary participated in the joint development of the new generation of ultrasonic gas meters with an instrument company.
Shares of hk & china gas (00003) have risen over 3%. As of the time of writing, it has increased by 3.04% to HKD 6.44, with a trading volume of 0.165 billion HKD.
Unpleasant Surprises Could Be In Store For The Hong Kong and China Gas Company Limited's (HKG:3) Shares
Morgan Stanley suggests that investors can start to acquire high-quality utility dividend stocks. The rating of power assets has been upgraded to "shareholding".
JPMorgan released a research report stating that due to the current market volatility and the possibility of the Federal Reserve cutting interest rates for the first time in the fourth quarter, investors are advised to begin acquiring high-quality public income stocks. The bank upgraded Power Assets (00006) from "neutral" to "shareholding" because of its yield of about 7%, which is 1 standard deviation higher than the historical average. If the expected rate cut reignites, its yield is expected to decrease. The bank expects that the two regulated assets of Power Assets (SA Power Network and Northumbrian Water) will be consolidated in the second half of the year.
HK & China Gas (00003.HK): Chen Yinglong appointed as an executive director.
On June 25th, Gelunhui, hk & china gas(00003.HK), announced that Huang Huiqun was appointed as an independent non-executive director of the company effective on June 25, 2024. He is also a member of the Audit and Risk Committee, Remuneration Committee, Nomination Committee and the Environmental, Social and Governance Committee. Chen Yinglong, the Chief Investment Officer of the company, was appointed as an executive director of the company.
Express News | Hong Kong and China Gas - Chan Ying-Lung Appointed Executive Director
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