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.

Zhitong FinanceJul 18 02:29 ET

CDB Financial Leasing Buys Gas Transmission, Storage Equipment From China Gas Holdings Units for Leaseback

China Development Bank Financial Leasing (HKG:1606) purchased gas transmission, storage, and pressure regulation equipment and ancillary facilities in Guangdong from three China Gas Holdings (HKG:0384

MT NewswiresJul 15 05:11 ET

Analysts Offer Insights on Utilities Companies: China Gas Holdings (OtherCGHOF) and Xcel Energy (XEL)

TipRanksJul 9 05:32 ET

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.

Zhitong FinanceJul 4 22:39 ET

New policies on natural gas promote the rebalancing of supply and demand in the urban gas industry, and China Gas (00384) may usher in a window for layout.

Against the backdrop of many changes and reforms in the domestic natural gas market, there have been new changes in natural gas utilization policies after a gap of 12 years. Recently, the National Development and Reform Commission issued the "Management Measures for the Utilization of Natural Gas," which will be implemented from August 1 of this year. The new measures still adhere to the four major directions of natural gas utilization: "priority, restriction, prohibition, and permission". Worth noting is that in September of last year, the website of the National Energy Administration released the "Natural Gas Utilization Policy (Solicitation Draft)." Based on the overall implementation of the solicitation draft, the new measures have further adjustments and optimizations.

Zhitong FinanceJul 1 20:45 ET

[Brokerage Focus] CIBC International cuts China Gas Holdings' (00384) target price by 5.7% and remains cautious about its outlook for fiscal year 2025.

Jinwu Finance News | CICC International issued a research report stating that China Gas (00384) net income in the 2024 fiscal year is expected to decline by 26% year-on-year to HKD 3.1 billion. Excluding the provision for overdue accounts and other one-off items of HKD 685 million, the core profit is expected to decrease by 4% year-on-year to HKD 4 billion. The bank still holds a cautious attitude towards the company's prospects for the 2025 fiscal year. It is expected that the retail natural gas sales volume of the company will increase by 3% year-on-year in the 2025 fiscal year, and the gross margin per cubic meter is expected to increase by 2-3 cents. Due to the sluggish real estate market, it is expected that the number of new connected residential users will decrease by 21% year-on-year in the 2025 fiscal year, at the same time, with

金吾財訊Jun 25 23:24 ET