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HK & CHINA GAS (0003.HK) has completed its first large-scale injection of green Methanol.
Recently, the green Methanol produced by the gas company successfully refueled the South Korean "HMM Green" cargo ship through a Methanol bunkering vessel (green hull). The domestic green Methanol bunkering Business has achieved significant progress. HK & CHINA GAS (hereinafter referred to as "the gas company") produced 2,902.5 tons of green Methanol in Inner Mongolia, which was successfully completed at the Yangshan Phase IV automated terminal at Shanghai Port, using the Methanol bunkering vessel "Haigang Zhi Yuan" under Shanghai Port Energy, for simultaneous bunkering operations for the South Korean "HMM Green" vessel (that is, container loading and unloading and Methanol fuel bunkering were carried out simultaneously). This is an achievement for domestic green Methanol.
EnerVenue has been named the 10th top green Technology company in the USA according to TIME's 2025 list, ushering in a new era of energy storage.
EnerVenue, a pioneer in clean energy storage incubated and long-supported by Full Vision Capital, has strongly risen from 136th place to 10th in TIME magazine's latest list of "Top Green Technology Companies in the USA for 2025." This leap forward is not only a milestone for EnerVenue but also an important testament to the global green energy revolution. The innovative force behind this achievement comes from EnerVenue's disruptive water-based Metal Battery (nickel-hydrogen gas).
Deutsche Bank: Raised the Target Price of HK & CHINA GAS to HKD 7.6, designated as the top choice in the Hong Kong Utilities Sector.
Deutsche Bank released a Research Report stating that HK & CHINA GAS (00003) had core profit growth and dividend payouts last year that met expectations. Regarding this year's guidance, management expects gas sales in Hong Kong to remain flat, while gas sales in mainland China are expected to grow by 4% to 5% year-on-year. The number of new gas customers in residences is expected to increase to 1.7 million, while new gas connections are projected to reach 1.4 million. The company anticipates adding 0.6 GW of CECEP Solar Energy projects this year. The bank lowered its EPS forecast for the company by 3% to 4% for this and next year, raising the Target Price from 7 HKD to 7.6 HKD, maintaining a "Buy" rating, and listed it as a preferred choice in the Hong Kong utilities Sector.
Deutsche Bank: Raised HK & CHINA GAS (00003) Target Price to 7.6 Hong Kong dollars, listed as the top choice in the Hong Kong Utilities Sector.
This year's guidance indicates that management expects gas sales in Hong Kong to remain stable, while gas sales in mainland China are projected to increase by 4% to 5% year-on-year. The number of new gas customers in Residences is expected to rise to 1.7 million, and new gas connections are anticipated to reach 1.4 million.
HONGKONG CHINA GAS To Go Ex-Dividend On June 6th, 2025 With 0.02959 USD Dividend Per Share
Citi: Maintains a "Neutral" rating on HK & CHINA GAS, with 2024 operating profit slightly better than expected.
Citi released a Research Report stating that it maintains a "neutral" rating on HK & CHINA GAS (00003). The company's operating profit for 2024 is slightly better than expected, with a year-on-year increase of 5%, mainly driven by business in mainland China's gas sector and Wind Power business. The company expects a 4-5% year-on-year growth in connections by 2025, with the dollar margin increasing by $0.002 per cubic meter. In terms of green energy, the overall goal is to involve new Shareholders who do not use their own funds to develop these Business segments to keep capital expenditures at 6-7 billion HKD annually from 2025 to 2027. Citi's main viewpoints are as follows: 2024 operating.
