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china res gas (01193.HK): Gas enriches China. Quality regions as the foundation. Core business continues to grow + "dual-synthesis" business rapidly expands.
Investment highlights include being the largest gas operator in the country, with good cash flow matching capital expenditures and steadily increasing dividends. As of June 2024, the State-owned Assets Supervision and Administration Commission is the actual controller of the company, indirectly holding 61.47% of the shares. By the end of 2023, the total...
Express News | Soochow has given china res gas a buy recommendation.
The CSRC has issued guidelines on market cap management, requiring listed companies to improve their profitability.
To implement the "State Council's Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of Capital Markets," further guide listed companies to pay attention to their investment value, effectively enhance investor returns, the China Securities Regulatory Commission issued the "Guidelines for the Supervision of Listed Companies No. 10 - Market Cap Management," which will be implemented from the date of publication. The "Guidelines" require listed companies to improve their company quality, enhance operational efficiency and profitability based on actual situations, and lawfully and compliantly utilize methods such as mergers and acquisitions, stock-based incentives, employee stock ownership plans, cash dividends, investor relations management, information disclosure, share repurchases, etc., to promote the reasonable investment value of listed companies.
china res gas (01193.HK) received a shareholding of 0.9695 million shares of common stock from jpmorgan, worth approximately 28.7451 million Hong Kong dollars
Reported on November 14th, according to documents disclosed by the Hong Kong Stock Exchange on November 14th, JPMorgan Chase & Co. increased its shareholding in China Res Gas (01193.HK) by purchasing an average of 29.6494 Hong Kong dollars per share on the market and 29.8498 Hong Kong dollars per share off-market on November 8th, totaling 0.9695 million ordinary shares, with a total value of approximately 28.7451 million Hong Kong dollars. After the increase, JPMorgan Chase's latest shareholding is 0.186 billion shares, and the holding ratio increased from 7.99% to 8.04%. Source of the image: Stock Exchange Equity Disclosure. What is
Morgan Stanley raised the rating of Kunlun Energy (00135.HK) to "shareholding" and increased the target price to 8.65 yuan.
Morgan Stanley's report states that since July, kunlun energy (00135.HK) has underperformed the indices by about 30%, possibly due to rotation in the industry towards companies with higher csi 300 high beta values, as well as the recent drop in oil prices causing spill-over effects. Morgan Stanley believes that the pullback in kunlun energy's stock price provides an attractive entry point, as the stock is currently valued at less than 9 times forecasted future pe and with a yield of over 5%. There are two potential catalysts in the future including falling global oil and henry hub natural gas prices which may lead to a decrease in industry procurement costs, and kunlun energy's approximately 70% of natural gas sales come from the industrial sector, which could benefit from china.
Express News | China res gas responds to hubei xiangyang gas auxiliary material "old for new": complete all old pipe replacement by the end of the month.
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