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HONGKONG CHINA GAS To Go Ex-Dividend On June 6th, 2025 With 0.02959 USD Dividend Per Share
Citi: Maintains a "Neutral" rating on HK & CHINA GAS, with 2024 operating profit slightly better than expected.
Citi released a Research Report stating that it maintains a "neutral" rating on HK & CHINA GAS (00003). The company's operating profit for 2024 is slightly better than expected, with a year-on-year increase of 5%, mainly driven by business in mainland China's gas sector and Wind Power business. The company expects a 4-5% year-on-year growth in connections by 2025, with the dollar margin increasing by $0.002 per cubic meter. In terms of green energy, the overall goal is to involve new Shareholders who do not use their own funds to develop these Business segments to keep capital expenditures at 6-7 billion HKD annually from 2025 to 2027. Citi's main viewpoints are as follows: 2024 operating.
Towngas' 2024 Profit Slips
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.
