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Haitong Int'l: Maintains "Outperform" rating on HK & China Gas, raises target price to HKD 6.66.
Haitong International has released a research report stating that it maintains an "outperform" rating on HK & China Gas (00003), and predicts that the main revenue of gas from 2024 to 2026 will be 59.777 billion, 62.446 billion, and 64.947 billion yuan, respectively. The corresponding net profit forecasts have been revised upward to 6.467 billion, 6.69 billion, and 6.897 billion yuan (originally forecasted at 6.298 billion, 6.513 billion, and 6.713 billion yuan), and the target price has been raised to HKD 6.66. The report states that HK & China Gas has successfully improved its operational efficiency through business restructuring and cost reduction measures. The company achieved total revenue in the first half of the year.
There May Be Some Bright Spots In Hong Kong and China Gas' (HKG:3) Earnings
[Brokerage Focus] Haitong International raises target price of hk & china gas (00003) by 4%, indicating that the annual price difference in urban gas is expected to continue to increase.
King's Wealth News | Haitong International issued a research report, hk & china gas (00003) achieved a total revenue of 27.496 billion Hong Kong dollars in 2024H1, a year-on-year decrease of 5.76%; core profit of 3.186 billion Hong Kong dollars, a year-on-year increase of 2.21%; net income attributable to the parent company of 3.04 billion Hong Kong dollars, a year-on-year decrease of 15.88%, mainly due to the one-time net income from exiting Shanghai gas obtained in the previous year; basic earnings per share is 16.3 Hong Kong cents, and interim dividend remains unchanged at 12 Hong Kong cents per share. In terms of specific business, the total gas sales volume in China's hk & china gas business remained flat year-on-year, and the sales volume of urban gas in the mainland remained
HK & CHINA GAS: 2024 Interim Report
Don't Buy The Hong Kong and China Gas Company Limited (HKG:3) For Its Next Dividend Without Doing These Checks
HONGKONG CHINA GAS To Go Ex-Dividend On August 29th, 2024 With 0.0154 USD Dividend Per Share
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