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Hong Kong stocks surge | enn energy (02688) rises more than 3%, leading the gas stock. The gradual promotion of national price increase and the double increase in profit and valuation of urban gas companies are expected.
Gas stocks are generally rising. As of press time, ENN Energy (02688) rose 3.63% to HKD 62.75; Kunlun Energy (00135) rose 2.83% to HKD 8.35; China Gas Holdings (00384) rose 2.33% to HKD 7.46.
ENN Energy Holdings (HKG:2688) Hasn't Managed To Accelerate Its Returns
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. One common approach is to try and find a company with
ENN Energy (02688.HK) was reduced by The Capital Group by 0.7566 million shares.
According to the latest equity disclosure information from the HKEX, on July 12, 2024, enn energy (02688.HK) was reduced by The Capital Group Companies, Inc. in the market at an average price per share of 63.7789 Hong Kong dollars for a total of 0.7566 million shares, involving approximately 48.2564 million Hong Kong dollars. After the reduction, The Capital Group Companies, Inc.'s latest holdings decreased from 11.03% to 10.9% with a total of 123,970,526 shares.
Hong Kong Stock Market Exchanges | enn energy (02688) falls over 5% again. Lyon claims that May's operating data fall short of expectations. Goldman Sachs expects mainland gas demand to remain strong.
Zhixin Finance APP learned that ENN Energy (02688) fell more than 5% again. As of press time, it fell 4.84% to HK$60.9, with a turnover of HK$0.106 billion. Lyon previously published a research report stating that the management of ENN Energy is confident in achieving all goals for the 2024 fiscal year. Although the company's operational data in the first five months of this year was lower than expected, the company still maintained a 6.4% market share from January to April of this year. Although the recent uncertainty of ENN Energy and the lower-than-expected growth in its retail natural gas business have postponed the opportunity for the company to be re-evaluated, the company continues to gain.
Hong Kong Shares Rise 1.0%, Tracking Wall Street Gains -- Market Talk
Hong Kong's benchmark Hang Seng Index rises 1.0% to 17653.69 in early trade, tracking Wall Street gains overnight.
Stocks of gas companies rose mostly, with China Res Gas (01193) rising more than 4%. Credit Suisse is bullish on the high unit growth of mainland gas demand.
Most gas stocks are up. As of press time, China res gas (01193) increased by 4.02%, reaching HKD 29.75; kunlun energy (00135) increased by 2.36%, reaching HKD 9.1; China gas hold (00384) increased by 0.82%, reaching HKD 7.35.
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