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,

Zhitong FinanceJun 19 01:38 ET

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.

Zhitong FinanceJun 14 01:37 ET

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

Simply Wall StJun 10 18:08 ET

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.

Zhitong FinanceJun 3 19:47 ET

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

Zhitong FinanceMay 28 20:00 ET

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

Simply Wall StMay 24 21:19 ET