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Is China Gas Holdings (HKG:384) Using Too Much Debt?
CHINA GAS HOLD: 2023/24 Annual Report
Hong Kong stocks surge | enn energy (02688) rises more than 3%, leading the gas stock. The gradual promotion of national price increase and the double increase in profit and valuation of urban gas companies are expected.
Gas stocks are generally rising. As of press time, ENN Energy (02688) rose 3.63% to HKD 62.75; Kunlun Energy (00135) rose 2.83% to HKD 8.35; China Gas Holdings (00384) rose 2.33% to HKD 7.46.
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Stocks of gas companies rose mostly, with China Res Gas (01193) rising more than 4%. Credit Suisse is bullish on the high unit growth of mainland gas demand.
Most gas stocks are up. As of press time, China res gas (01193) increased by 4.02%, reaching HKD 29.75; kunlun energy (00135) increased by 2.36%, reaching HKD 9.1; China gas hold (00384) increased by 0.82%, reaching HKD 7.35.