Citi issued a research report reiterating a Sell rating on CHINA GAS HOLD (00384.HK) +0.230 (+3.042%) Short selling $18.08M; Ratio 15.356% based on the following reasons.CHINA GAS HOLD recorded a YoY increase of 2.1% in its FY25 net profit to HKD3.252 billion, yet it was still 15% below market expectations. In addition, the outlook for FY26 may be unfavorable, with new connection users decreasing by 14% YoY to 29% and retail gas sales volume growing by only over 2% YoY.Related NewsDBS Downgrades CHINA GAS HOLD (00384.HK) to Hold, Cuts TP to $6.4While the company's free cash flow for FY25 grew by 8.7% YoY to HKD4.66 billion, its operating cash inflow nosedived by 43.2% YoY to HKD6.4 billion.Citi raised its target price for CHINA GAS HOLD from HKD5.6 to HKD6.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.)