01193 CHINA RES GAS
- 28.400
- -0.350-1.22%
CHINA RES GAS News
HK stocks | china res gas(01193) opened up nearly 6%, and Morgan Stanley expects its performance to outperform its peers. The improvement in gas sales gross margin in the first half of the year is significant.
China Res Gas (01193) opened nearly 6% higher. As of the time of writing, it is up 5.91% at HKD 30.45, with a turnover of HKD 12.5578 million.
Guosen Securities: Maintained a 'Outperforming the Market' rating on China RES Gas, with a significant increase in mid-term dividends.
Guosen Securities released a research report stating that it maintains a "outperform" rating on China Res Gas (01193), and predicts that the company's net income attributable to shareholders will reach HKD 5.64/6.13/6.63 billion in 2024-2026, with a year-on-year growth of 8%/9%/8%. The company's gas sales volume in the first half of the year reached 20.9 billion cubic meters (+5.3%), achieving a gross margin of HKD 0.54/cubic meter (+0.04/cubic meter). In addition, China Res Gas plans to distribute an interim dividend of HKD 0.25 per share, a year-on-year increase of 66.7%, with a dividend payout ratio of 16.74%. The main points from Guosen Securities are as follows: the growth in gas sales volume.
HSBC: China Gas Utilities Industry Prefers China Res Gas (01193) and ENN Energy (02688) for attractive stock returns
China Gas Holdings' performance in the first half of the year once again confirms Morgan Stanley's positive view of the utilities industry.
Income Investors Should Know That China Resources Gas Group Limited (HKG:1193) Goes Ex-Dividend Soon
Tianfeng brokerage maintains a "buy" rating for China Res Gas (01193), highlighting the impressive performance of the gas sales business.
Jinwu Financial News | Tianfeng Securities issued a research report, stating that China Res Gas (01193) released its interim report for the first half of 2024. In the first half of 2024, the company achieved revenue of HKD 52.08 billion, a year-on-year increase of 7.7%; shareholders' attributable net profit was HKD 3.46 billion, a year-on-year decrease of 2.5%. Excluding the impact of exchange rate fluctuations, shareholders' attributable net profit increased by 0.3% year-on-year; excluding the merger income of Chongqing Gas in the same period of 2023, shareholders' attributable net profit increased by 21.2% year-on-year. The bank continued to point out that in terms of retail gas volume, in the first half of 2024, the company's retail gas volume increased by 5.3% year-on-year to 20.9 billion cubic meters. Among them
China Resources Gas Looks Poised for Stronger Earnings Rebound in 2H -- Market Talk
[Brokerage Focus] Bocom Intl upgrades China Res Gas (01193) target price by 26.2%, with mid-term dividends as a pleasant surprise.
Bocom Intl released a research report stating that China Res Gas (01193) saw a 21% increase in core profit to HKD 3.46 billion in the first half of the year, which exceeded the bank's expectations by 8%. The retail gas division was the main contributor to the profit growth, and the mid-term dividend increased by 67% year-on-year to HKD 0.25 per share, which was a surprise. The bank predicts a year-on-year growth of 5.3%/5.1% in retail gas volume for the full year of 2024/25, with gas sales margins of RMB 0.53/0.54 per cubic meter. The number of new residential connections is expected to be 2.8/2.4 million households (a year-on-year decrease of 17%/14%). Due to the company's increased mid-term dividend
China Resources Gas Group Limited's (HKG:1193) Shares May Have Run Too Fast Too Soon
China Resources Gas Group Posts Lower H1 Profit
[Hong Kong Stock Connect] China Resources Gas (01193) reported a 2.5% decrease in half-year net profit and will distribute an interim dividend of 25 Hong Kong cents per share.
Golden Finance News | China Resources Gas (01193) announced that for the six months ended June 30, 2024, the company's attributable profit amounted to 3.457 billion yuan (Hong Kong dollars, the same below), a decrease of 2.5% year-on-year, with basic earnings per share of 1.52 yuan. Interim dividend of 25 cents per share. During the period, the Group's turnover was 52.076 billion yuan, an increase of 7.7% year-on-year. The gross profit was 9.671 billion yuan, a year-on-year increase of 9.66%. During the period, the group sold a total of 20.9 billion cubic meters of natural gas, including industrial sales volume of 9.66 billion cubic meters, an increase of 3.7%, accounting for 46.2% of the group's gas sales volume; commercial
China res gas (01193) released Chongqing gas mid-term performance, with a net income of 0.148 billion yuan attributable to the parent, a decrease of 14.62% year-on-year.
China Res Gas (01193) announced the interim performance of chongqing gas group corporation for the six months ended June 30, 2024, with a total operating...
Express News | China Resources Gas - Interim Dividend 25 HK Cents per Share
Express News | China Resources Gas - Hy Profit Attributable HK$3,457 Mln
CHINA RES GAS: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
China Resources Gas Group 1H Rev CNY4.97B Vs. CNY4.98B >1193.HK
CHINA RES GAS: ANNOUNCEMENT UNAUDITED INTERIM FINANCIAL RESULTS OF CHONGQING GASFOR THE SIX MONTHS ENDED 30TH JUNE 2024
China Resources Gas Group Chairman Retires; CEO Re-Designated as Chairman
China Res Gas (01193.HK): Wang Chuandong steps down as chairman of the board of directors and a non-executive director.
China Res Gas (01193.HK) announced on August 16th that starting from August 16th, 2024: (1) Wang Chuandong will resign as Chairman of the Board of Directors, non-executive director, chairman of the nomination committee, authorized representative, and legal process agent; and (2) Executive Director Yang Ping resigned as CEO and was appointed Chairman of the Board of Directors, Chairman of the Nomination Committee, and legal process agent.
Express News | China Resources Gas - Yang Ping Resigned as CEO and Appointed as Chairman of Board
Express News | China Resources Gas - Wang Chuandong Retired as Chairman of Board
Analysis
Price Target
No Data
