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HK & CHINA GAS (00003.HK) supplies green Methanol to Golden Island to expand the marine refueling supply network in Singapore.
HK & CHINA GAS, as a leading supplier of international sustainable development and carbon certification (ISCC) green Methanol, announced that it will supply its green Methanol to Singapore marine fuel supplier Golden Island Pte Ltd (Golden Island) for use in its fuel bunkering Business in Singapore. This marks an important step for HK & CHINA GAS in expanding its green Methanol supply network in Asia. According to the relevant supply agreement, HK & CHINA GAS will supply to Golden Island's recently registered fuel supply vessel in Singapore, "Golden
HK & CHINA GAS (0003.HK) has completed its first large-scale injection of green Methanol.
Recently, the green Methanol produced by the gas company successfully refueled the South Korean "HMM Green" cargo ship through a Methanol bunkering vessel (green hull). The domestic green Methanol bunkering Business has achieved significant progress. HK & CHINA GAS (hereinafter referred to as "the gas company") produced 2,902.5 tons of green Methanol in Inner Mongolia, which was successfully completed at the Yangshan Phase IV automated terminal at Shanghai Port, using the Methanol bunkering vessel "Haigang Zhi Yuan" under Shanghai Port Energy, for simultaneous bunkering operations for the South Korean "HMM Green" vessel (that is, container loading and unloading and Methanol fuel bunkering were carried out simultaneously). This is an achievement for domestic green Methanol.
EnerVenue has been named the 10th top green Technology company in the USA according to TIME's 2025 list, ushering in a new era of energy storage.
EnerVenue, a pioneer in clean energy storage incubated and long-supported by Full Vision Capital, has strongly risen from 136th place to 10th in TIME magazine's latest list of "Top Green Technology Companies in the USA for 2025." This leap forward is not only a milestone for EnerVenue but also an important testament to the global green energy revolution. The innovative force behind this achievement comes from EnerVenue's disruptive water-based Metal Battery (nickel-hydrogen gas).
Deutsche Bank: Raised the Target Price of HK & CHINA GAS to HKD 7.6, designated as the top choice in the Hong Kong Utilities Sector.
Deutsche Bank released a Research Report stating that HK & CHINA GAS (00003) had core profit growth and dividend payouts last year that met expectations. Regarding this year's guidance, management expects gas sales in Hong Kong to remain flat, while gas sales in mainland China are expected to grow by 4% to 5% year-on-year. The number of new gas customers in residences is expected to increase to 1.7 million, while new gas connections are projected to reach 1.4 million. The company anticipates adding 0.6 GW of CECEP Solar Energy projects this year. The bank lowered its EPS forecast for the company by 3% to 4% for this and next year, raising the Target Price from 7 HKD to 7.6 HKD, maintaining a "Buy" rating, and listed it as a preferred choice in the Hong Kong utilities Sector.
Deutsche Bank: Raised HK & CHINA GAS (00003) Target Price to 7.6 Hong Kong dollars, listed as the top choice in the Hong Kong Utilities Sector.
This year's guidance indicates that management expects gas sales in Hong Kong to remain stable, while gas sales in mainland China are projected to increase by 4% to 5% year-on-year. The number of new gas customers in Residences is expected to rise to 1.7 million, and new gas connections are anticipated to reach 1.4 million.
HONGKONG CHINA GAS To Go Ex-Dividend On June 6th, 2025 With 0.02959 USD Dividend Per Share
