No Data
CENTURY LEGEND (00079.HK) sells listed securities, cashing out 2.579 million Hong Kong dollars.
On February 24th, the Century Legend (00079.HK) announced that on February 10th, 17th, and 20th, the company, through its wholly-owned subsidiary, sold a total of 0.4275 million shares of HK & CHINA GAS in the market, at an average price of approximately HKD 6.03 per share, resulting in total proceeds of approximately HKD 2.579 million (excluding transaction costs). After the sale, the group no longer Holds any shares of HK & CHINA GAS.
Morgan Stanley: The positive expectations for a decrease in Henry Hub Natural Gas costs have been reversed. Adjustments to Gas Stock ratings and Target Price (table).
The market has anticipated that under weak market conditions and high Henry Hub Natural Gas prices, gas consumption in China will slow down this year.
CITIC International: Maintains HK & CHINA GAS 'Buy' rating, Target Price lowered to HKD 7.11.
BOCI released a Research Report stating that it maintains a "Buy" rating for HK & CHINA GAS (00003), with the Target Price adjusted from HKD 7.63 to HKD 7.11 based on discounted cash flow. Although the decline in profitability from Wind Power Business, slower growth in Henry Hub Natural Gas sales, and depreciation of the RMB against the HKD led to a revision of the earnings forecast for HK & CHINA GAS for 2024 to 2026 down by 2%, 4%, and 5%, respectively, it is believed that the company will maintain its dividend per share, resulting in an attractive dividend ROI of up to 5.8%. The report mentioned that the gas company is making progress in promoting Hydrogen Energy in Hong Kong, and its renewable fuel subsidiary is Yisile (
BOC International: Maintains Buy rating on HK & CHINA GAS (00003), Target Price revised down to HKD 7.11.
It is expected that EcoCeres will rumored to conduct an IPO in Europe, which will bring further upward catalysts for gas companies.
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
