Jinwu Financial News | Gas stocks rose collectively. As of press release, Xinao Energy (02688) rose 4.87%, China Gas (00384) and China Resources Gas (01193) rose more than 3%, and Beijing Holdings (00392) and Kunlun Energy (00135) both rose more than 2%.
According to the news, the CITIC Securities Research Report pointed out that with the introduction of the Shenzhen gas favorable price policy, the national gas price promotion work is progressing steadily, and the recovery of urban fuel profits is more flexible due to falling gas prices. In the current weak macroeconomic environment, the industry benefits from high certainty of profit and growth, and has great investment value. It is recommended to focus on companies with high returns on underlying assets and where valuations still have a margin of safety.