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UNITED STRENGTH (02337.HK) plans to hold a Board of Directors meeting on March 27 to approve the annual performance.
On March 13, Gelonghui reported that UNITED STRENGTH (02337.HK) announced that the Board of Directors will hold a meeting on March 27, 2025 (Thursday) to consider and approve, among other things, the year-end performance of the company and its subsidiaries for the year ending December 31, 2024, and to distribute the final dividend (if applicable).
UNITED STRENGTH: DATE OF BOARD MEETING
China Merchants: With the drop in gas prices and the promotion of price alignment, the profit turning point for city gas has already appeared.
With the continuous expansion of exploration and development and advancements in engineering technology, the yield and economic viability of unconventional Henry Hub Natural Gas are expected to continue to improve, likely becoming an important component of China's natural gas supply in the future.
Are Global Henry Hub Natural Gas prices about to rise? A significant increase in import volume is anticipated for Europe's summer procurement.
① Europe is experiencing a cold wave this year, coupled with the cessation of Henry Hub Natural Gas transit through Ukraine, leading to a drop in the region's natural gas inventory to 37%, far below the 60% of the previous two years; ② It is estimated that Europe needs to import an additional 250 batches of liquefied natural gas to replenish inventories to 90% before November; ③ On the other hand, the International Energy Agency warns that the liquefied natural gas market will continue to be tight this year, which will strongly support natural gas prices.
CITIC SEC: Changes in Consumer structure, the gas Industry returns to the right track while urban gas growth is moderate.
Looking ahead to 2025, the recovery of traditional demand and the "one city, one enterprise" policy are expected to drive a moderate increase in the sales volume of leading city gas companies. The recovery of gross margins and the growth in gas volume will help city gas performance regain growth, while leading city gas companies' valuations are generally at historical lows, highlighting the cost-effectiveness of investment.
Benign Growth For United Strength Power Holdings Limited (HKG:2337) Underpins Stock's 28% Plummet
