CHINA RES GAS: Interim Report 2024

HKEXSep 27 05:00 ET · Announcements

Major bank rating | Bank of America: Sees more positive catalysts in the gas industry, raises china res gas target price to 36.7 Hong Kong dollars.

Bank of America report indicates a series of positive news in the gas industry, including China Res Gas and ENN Energy repurchasing shares, Anhui promoting industrial transition from coal to gas, residential gas prices in Hefei being raised, as well as Russia potentially increasing natural gas exports to China starting in December. The bank sees more positive catalysts in the industry, bullish for profit margins and sales, and reiterates a "buy" rating for Res Gas and top pick for gas distributors, based on this stock being most benefited from future natural gas oversupply and least affected by direct gas sales. Regarding Res Gas, the bank takes into account the decreasing number of outstanding shares next year, increasing profit margins, sales growth next year, and adjusted undistributed support.

Gelonghui FinanceSep 26 01:32 ET

Is China Resources Gas Group (HKG:1193) A Risky Investment?

Simply Wall StSep 25 18:34 ET

China Resources Gas Group's Trustee Repurchases 45,797,384 Shares on Open Market

MT NewswiresSep 25 09:29 ET

china res gas (01193.HK) plans to repurchase at least 45.8 million shares of the company's stock.

Grainews September 25th China Res Gas (01193.HK) announced that the board of directors has resolved to repurchase at least 45.8 million shares of the company on the open market, representing approximately 1.98% of the total issued share capital of the company, in accordance with the share repurchase authorization approved by the company's shareholders at the annual general meeting on May 24, 2024, and any subsequent updates or re-establishments approved by the shareholders from time to time, and as appropriate, repurchase more company shares on the open market. The board of directors believes that the share repurchase mentioned above can demonstrate the company's confidence in its business outlook and prospects, and ultimately will benefit the company.

Gelonghui FinanceSep 25 08:09 ET

Express News | China Resources Gas - Resolved to Repurchase No Less Than 45.8 Mln Shares of Co

ReutersSep 25 08:02 ET