Citi Research issued a research report opening a 30-day positive catalyst watch on CHINA RES GAS (01193.HK) +0.100 (+0.455%) Short selling $2.38M; Ratio 8.077% , and expecting its stock price to rise, driven by anticipated share buybacks starting this week. During Citi Research's China conference earlier this month, the Company announced plans to repurchase 3% of its shares, equivalent to 68 million shares. Based on the current share price of approx. $21.6, the buyback cost will be $1.47 billion. Related NewsDBS Trims CHINA RES GAS (01193.HK) TP to $24.3, Rating HoldThe Company has prepared $1.9 billion in cash for this purpose, representing ample liquidity. The repurchased shares will be canceled. The buyback will be EPS accretive. Fundamentally, CHINA RES GAS showed a lackluster 4M25 performance, with retail gas sales volume declining by 0.8% YoY, profit margin per cubic meter rising by RMB0.01 to RMB0.46-RMB0.47, new connections decreasing by 24% and comprehensive service revenue remaining flat YoY. Therefore, the broker rated CHINA RES GAS at Buy, with a target price of $25.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-29 12:25.)