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GTJA has assigned an initial Shareholding rating of "Buy" to CHINA GAS HOLD with a Target Price of HKD 8.28.
GTJA released a Research Report stating that it is initiating coverage on CHINA GAS HOLD (00384) and has given it a "Shareholding" rating, setting a Target Price of HKD 8.28 based on relative and absolute valuations. It is expected that the company's earnings per share for the fiscal years 2025 to 2027 will be HKD 0.63, HKD 0.69, and HKD 0.79, respectively, highlighting the value of the company's dividends. The firm believes that the company's profit structure is continuously optimizing, and the stability of its operating cash flow is expected to improve; the improvement in gross margin and debt reduction will support the growth of operating cash flow. Additionally, with capital expenditures slowing down, free cash flow is expected to improve, with a per-share dividend expected to maintain at HKD 0.50, calculating the current stock price corresponds to the fiscal year 2025.
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.
CHINA GAS HOLD (00384.HK) issued 10.7135 million shares according to the plan for shares instead of dividends.
Gelonghui, February 18: CHINA GAS HOLD (00384.HK) announced that on February 18, 2025, it will issue 10.7135 million new shares under a scrip dividend plan for the interim dividend for the six months ended September 30, 2024.
CHINA GAS HOLD (00384) accelerates its Asia Vets transformation, with the future core Business AI penetration rate expected to exceed 90%.
In recent years, CHINA GAS HOLD (00384) has continuously increased its investment in AI technology layout and has achieved a series of important results.
Returns On Capital Signal Tricky Times Ahead For China Gas Holdings (HKG:384)
Is Now An Opportune Moment To Examine China Gas Holdings Limited (HKG:384)?
Getting In Cheap On China Gas Holdings Limited (HKG:384) Might Be Difficult
