Stocks in Hong Kong are fluctuating. China Res Gas (01193) rose more than 5% in the afternoon. The domestic price policy continues to advance, and the city gas industry's profits have reached a turning point.
Zhī tōng cáijīng APP learned that China Resources Gas (01193) rose by more than 5% in the afternoon. As of the press release, it rose by 5.59% to HK$28.35, with a turnover of HK$49.126 million. Industrial Securities said that the central natural gas price in the world has fallen back, and the domestic cost recovery policy continues to promote, and the urban gas industry's profits have reached a turning point. The expected decline in gas prices and economic recovery are expected to further release the demand for gas consumption. As a transition energy source with low carbon emissions, natural gas consumption is expected to grow in the long run. Gross difference management endows the urban gas public utility attributes, and the steady operating cash flow assets with improved penetration and moderate growth rate have become the core characteristics of the industry. The bank said,
HK stocks surge: China Res Gas (01193) rose nearly 5%, leading the gas stock. The gradual implementation of nationwide gas price increase and the expected repair of urban gas profitability.
According to the Zhixun Finance APP, most of the gas stocks are rising. As of press time, China Resources Gas (01193) rose 4.8% to HKD 29.45; Kunlun Energy (00135) rose 3.01% to HKD 8.21; China Gas Holdings Limited (00384) rose 2.03% to HKD 7.55; ENN Energy Holdings Limited (02688) rose 1.15% to HKD 70.15. A recent research report from Soochow Securities pointed out that from 2022 to 2024M5, 52% of prefecture-level and above cities in the country have adjusted residential prices, with a price increase of 0.20 yuan per cubic meter. With the arrival of the off-season, the bank believes that there will be no further hikes.
Here's Why China Resources Gas Group (HKG:1193) Has A Meaningful Debt Burden
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' It's only natural to consider a company's balance sheet wh
Hong Kong stock concept tracking | Sudden price surge! Henry hub natural gas in Europe surged by 10%, and the tight supply and demand situation may continue until 2025 (with concept stocks).
If there is any interruption in production and supply chain of gas fields in major supplying countries such as Norway, it will further exacerbate the supply shortage and lead to a further surge in henry hub natural gas prices.
Tianfeng Securities: What is the reason for the rise in utility prices?
The Zhitong Finance App learned that Tianfeng Securities released a research report saying that the country introduced relevant policies to adjust the price mechanism for utility products is a long-term process. The ultimate goal is to clean up and eliminate unreasonable charges from utility companies, ensure reasonable and stable profits, and reasonable expenses for the safe operation of utility assets. In terms of recommended targets, hydropower asset suggestions focus on Changjiang Electric Power (600900.SH), SDIC Power (600886.SH); thermal power recommendations focus on Anhui Energy (000543.SZ), Zhejiang Electric Power (600023.SH), etc.; gas recommendations focus on blue
China Resources Gas Group Limited (HKG:1193) Goes Ex-Dividend Soon
Readers hoping to buy China Resources Gas Group Limited (HKG:1193) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one busin
CHINA RES GAS To Go Ex-Dividend On May 28th, 2024 With 1.0069 HKD Dividend Per Share
May 24th - $CHINA RES GAS(01193.HK)$ is trading ex-dividend on May 28th, 2024. Shareholders of record on May 29th, 2024 will receive 1.0069 HKD dividend per share on July 17th, 2024. The ex-divide
Changes in Hong Kong stocks | China Gas (00384) rose more than 7%, leading the way in gas stocks, natural gas smooth prices, and the city fuel company may usher in an increase in performance
The Zhitong Finance App learned that gas stocks showed strong performance. As of press release, China Gas (00384) rose 6.98% to HK$8.12; Xinao Energy (02688) rose 5.39% to HK$76.3; Ganghua Smart Energy (01083) rose 3.95% to HK$3.16; and China Resources Gas (01193) rose 3.77% to HK$27.5. GF Securities pointed out that since 2023, domestic natural gas smooth price work has accelerated. Along with the National Development and Reform Commission issued guidance on upstream and downstream price linkage of natural gas in the first half of the year, many parts of the country have started gas sales price links for residential use
Lyon: Covered for the first time, Xinao Energy and China Resources Gas were rated “Buy”
Lyon released a research report stating that it covered Xinao Energy (02688) and China Resources Gas (01193) for the first time, and both were rated “buy”. Lyon's proprietary analysis quantifies environmental, social and corporate governance (ESG) and energy transition risks to fully assess their impact. The report points out that natural gas will be the key to developing renewable energy in the mainland. As this energy becomes more accessible and affordable, the mainland gas market will enter a new era and growth cycle. Favourable policy reforms will lead to a more sustainable supply-demand relationship and contribute to a green transition. At the same time, unit profit continues to expand
Investors Shouldn't Be Too Comfortable With China Resources Gas Group's (HKG:1193) Earnings
China Resources Gas Group Limited (HKG:1193) announced strong profits, but the stock was stagnant. We did some digging, and we found some concerning factors in the details. SEHK:1193 Earnings and
Changes in Hong Kong stocks | China Resources Gas (01193) rose more than 4% in net price, driving the net profit of Chongqing Gas, a subsidiary of Urban Fuel's Profit Restoration, rose 20% year-on-year last year
China Resources Gas (01193) rose more than 4%. As of press release, it rose 3.61% to HK$25.8, with a turnover of HK$51.4043 million.
China Resources Gas Posts 10% Profit Growth For 2023
China Resources Gas Group's (HKG:1193) attributable profit rose 10.4% to HK$5.22 billion in the year through December 2023 from HK$4.73 billion in 2022, according to a Monday filing with the Hong Kong
華潤燃氣:公告 重慶燃氣截至2024年3月31日止三個月的未經審核財務業績
China Resources Gas (01193): Chongqing Gas (600917.SH)'s net profit to mother in 2023 was about 498.5 million yuan, up 24.75% year on year
China Resources Gas (01193) announced Chongqing Gas (600917.SH)'s 2023 results, total operating revenue...
華潤燃氣:公告 重慶燃氣截至2023年12月31日止年度的主要財務資料
華潤燃氣:截至二零二三年十二月三十一日止年度末期股息暫停辦理股份過戶登記手續
華潤燃氣:2023 年報
China Resources Gas Group Limited (HKG:1193) Investors Are Less Pessimistic Than Expected
It's not a stretch to say that China Resources Gas Group Limited's (HKG:1193) price-to-earnings (or "P/E") ratio of 10.9x right now seems quite "middle-of-the-road" compared to the market in Hong Kon
Changes in Hong Kong stocks | Natural gas surplus price mechanism comprehensively boosts China Resources Gas (01193) up more than 4% Xinao Energy (02688) by more than 3%
Some gas stocks rose in early trading. As of press release, China Resources Gas (01193) rose 4.35% to HK$25.2; Xinao Energy (02688) rose 3.13% to HK$67.6; and Ganghua Smart Energy (01083) rose 1.3% to HK$3.12.
Gas stocks rose 4.35% to Haohuarun Gas (01193), and gas fee increases were announced. Agencies indicate that the gross margin of urban fuel companies is expected to gradually recover
Jinwu Financial News | Gas stocks rose collectively. China Resources Gas (01193) rose 4.35%, Xinao Energy (02688) rose 3.13%, Beijing Holdings (00392) rose 1.83%, Hong Kong China Gas (00003) rose 1.52%, China Gas (00384) rose 1.25%, and Kunlun Energy (00135) rose 1.07%. Haitong International released a research report saying that as of April 2024, a total of 125 regions across the country announced gas bill increases one after another. Among them, the Chengdu region increased 0.16 yuan/square meter, and the Shenzhen region increased 0.31 yuan/square meter
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