No Data
No Data
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
No Data