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At midday, HSI advanced 316 points or 1.9% to 17,144. HSCEI elevated 126 points or 2.2% to 6,021. HSTECH rose 86 points or 2.5% to 3,564. Half-day turnover totalled $57.101 billion.HANG SENG BANK (00011.HK) initiated a repurchase programme of up to $3 billion, and its share price hiked 5.4%. For other financial stocks, HSBC HOLD...
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The profit performance of CHINA RES GAS (01193.HK) missed expectations in 2023, UOB Kay Hian released a research report saying. Although the gross profit from the sale of natural gas units recovered to RMB0.51 per cubic meter, the consolidated margin also declined, mainly due to the decline in the contribution from the high-marg...
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China's National Development and Reform Commission (NDRC) has been negotiating with local governments and major natural gas distributors in recent months to request the cancellation of fixed natural gas price caps for household users by September, Bloomberg cited people with the knowledge of the matter. This is to cope with ...
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CHINA RES GAS (01193.HK)'s share price slumped 10% yesterday (2nd). Citi Research issued a research report lowering its 2024-2026 net profit forecasts for CHINA RES GAS by 9-10%, mainly due to an additional depreciation expense of $350 million per year from its Chongqing gas distribution project on subsidiary basis from 2023...
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The recent trading in CHINA RES GAS (01193.HK) made the short term valuation more attractive, Morgan Stanley issued a research report saying. The sell-off of the Company's shares were overdone after the release of 2023 results. However, CHINA RES GAS' core profit performance and dividend growth for 2024 should still outp...
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