Quick look at the Hong Kong market | All three major Indices closed higher, the Science and Technology Index rose nearly 2%; technology, Autos, and Biotechnology stocks climbed, with Li Auto rising over 5%, and Xiaomi Group and WUXI BIO rising nearly 3%.

Many Network Technology stocks are rising, XIAOMI-W is up 2.84%, Baidu Group-SW is up 1.74%; Semiconductor stocks are all rising, HG SEMI is up 7.64%, BEKE is down 2.78%; Autos stocks are climbing, LEAPMOTOR is up 6.42%, BRILLIANCE CHI is up 6.29%;

Futu NewsDec 18 16:22

Hong Kong stocks movement | CHINA RES GAS (01193) rose over 4% as the company's dividends steadily increase. UBS Group is bullish on its valuation repair.

CHINA RES GAS (01193) rose over 4%, as of the time of publication, it increased by 4.31%, priced at 30.25 Hong Kong dollars, with a transaction volume of 0.11 billion Hong Kong dollars.

Zhitong FinanceDec 18 14:32

Hong Kong stocks show movement丨The Concept of special valuation stocks collectively rise, the State-owned Assets Supervision and Administration Commission requires central enterprises to view Market Cap management as a long-term Global Strategy management

On December 18th, according to Gelonghui, concept stocks with undervalued valuation in the Hong Kong stock market collectively rose. Among them, Dongfeng Group rose over 7%, CHINA TOWER, CHINA RES GAS, and CRRC Corporation rose over 3%, while China Railway, CHINA COMM CONS, China Railway Construction Corporation, SINOTRUK, and Weichai Power rose over 2%. The State-owned Assets Supervision and Administration Commission (SASAC) issued several opinions yesterday on improving and strengthening the Market Cap management work of central enterprise-controlled listed companies, requiring central enterprises to regard Market Cap management as a long-term strategic management practice, to improve the work system and mechanism for Market Cap management, and to enhance the effectiveness of Market Cap management work. SASAC required that central enterprises focus on mergers and acquisitions, market-oriented reform, and information disclosure.

Gelonghui FinanceDec 18 11:05

China Resources Gas: Changes Effective Tuesday

Dow JonesDec 17 18:09

China Resources Gas Appoints Qin Yan as Chief Executive, Executive Director

Dow JonesDec 17 18:08

UBS Group raises the Target Price for China Resources Gas (00003.HK) and raises the Target Price for AGL Energy (01193.HK) while lowering the Target Price for China Resources Gas (00384.HK) and ENN ENERGY (02688.HK).

UBS Group stated that it has a cautious outlook on Gas Stock from next year to the following year, affected by weak economic growth, and expects city gas sales volume to increase by 3% year-on-year, lower than the 7% growth from 2021 to the present year. The bank assumes that the city's gas market share will shift to wholesale gas, and even though the expected gas sales profit will increase from 50 cents per cubic meter last year to 55 cents per cubic meter from this year to 2026, it is still below the pre-pandemic level of 60 cents per cubic meter. In addition, the average new gas connections for Runhua (01193.HK), CNG (00384.HK), and Gas (00003.HK) in the first half of the 2024 fiscal year are also at stake.

AASTOCKSDec 12 10:28