Most of the gas stocks have risen, enn energy (02688) has risen by 4.04%. Moton said that gas stocks have all promised stable dividends and have attractive yields.

Jingwu Financial News | Most gas stocks have risen, with ENN Energy (02688) up 4.04%, Hong Kong and China Gas (00003) up 2.06%, TG Smart Energy (01083) up 1.43%, China Res Gas (01193) up 1.08%. In terms of news, JPMorgan released a research report stating that the performance of China Gas's utilities industry in the first half of the year once again confirms the bank's positive view on the industry, with gas consumption steadily increasing (over 5% year-on-year) and profit margins and free cash flow improving. Although the decline in new connection businesses was larger than expected, the profit of ENN Energy and Res Gas dropped by 30% to 50% compared to the same period last year.

金吾財訊Sep 16 21:56 ET

Shenwan Hongyuan: Significant profit recovery in hydropower, natural gas, and reduced interest rates bullish for the entire industry.

In the first half of the year, hydropower showed a significant bias towards abundance, with national hydropower generation increasing significantly against a low base. Gas consumption and return are on the rise, with continuous improvement in cost reduction and margin enhancement.

Zhitong FinanceSep 13 01:40 ET

China Resources Gas Group Goes Ex-dividend Tomorrow

Seeking AlphaSep 12 14:37 ET

CHINA RES ADR To Go Ex-Dividend On September 13th, 2024 With 0.32205 USD Dividend Per Share

Moomoo NewsSep 11 21:00 ET

AXA: China Res Gas's business profitability further enhanced, investors are advised to pay attention.

Anxin International released a research report stating that China Res Gas (01193) is a strong gas distributor in China. The first half of the year achieved rapid growth in attributable net profit excluding one-time factors, with growth better than that of peers. The gas distribution business performed well in the sector with a performance increase of over 31%. In addition to a 5.3% increase in gas sales volume, the substantial increase in gross margin (+0.04 yuan/cubic meter YOY) also made a contribution. This was also benefited from the significant decrease in gas sales cost, reflecting the company's good control of gas sources. In addition, the company's cash flow situation is good, with a significant increase in free cash flow in the first half of the year. The company's dividend payout ratio is quite attractive with mid-term dividends.

新浪港股Sep 11 05:34 ET

Anxin International: China Res Gas (01193) Further Enhances Profitability of Gas Business. Investors are advised to pay attention.

China Res Gas has an attractive dividend yield, with a mid-term dividend of HK$0.25 per share, a significant increase compared to the previous year.

Zhitong FinanceSep 11 05:19 ET