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2023/05/23 17:20
HK & CHINA GAS (00003.HK) and TOWNGAS CHINA (01083.HK) Chairman Lee Ka-kit, as well as HK & CHINA GAS Chief Investment Officer Alan Chan, and his delegation, visited the headquarters of Saudi Aramco.They had an in-depth exchange with Ahmad O. Al-Khowaiter, Executive Vice President and Chief Technology Officer of Saudi Ar...
2023/05/23 17:14
HK & CHINA GAS (00003.HK) and TG SMART ENERGY (01083.HK) jointly announced that TG SMART ENERGY entered into a capital reduction agreement with Shanghai Gas and SHENERGY (600642.SH) today (23 May). Under the agreement, the parties agreed to the exit of TG SMART ENERGY from its entire investment of 25% equity interest in Shan...
2023/05/09 16:38
Hong Kong stocks snapped a consecutive-day rising streak to end lower today. The HSI wrapped up the tumultuous session at 19,867, eroding 429 pts or 2.1%; the HSCEI plummeted 162 pts or 2.4% to close at 6,735; the HSTECH cratered 115 pts or 3% to close at 3,798. The full-day turnover amounted to $122.14 billion. Tech names retre...
2023/05/09 12:23
Hong Kong stocks softened over the first half of the session as the market awaits US inflation data, which will be announced tomorrow (10th). The HSI dipped 108 pts or 0.5% to post at 20,188 by midday; The HSCEI dropped 38 pts or 0.6% to 6,859; the HSTECH sagged 45 pts or 1.2% to 3,868. The half-day turnover aggregated $55.184 b...
2023/05/09 09:57
Hong Kong utilities outstripped the HSI by 7% over the past month, primarily owing to the expectations for receding rate hikes in the US and USD depreciation, JPMorgan commented in a report. The broker believed that the sector will continue to outperform, benefitting from its attractive valuation and potential rebound in 1H23 re...
2023/03/22 09:30
Daiwa improved the rating of HK & CHINA GAS (00003.HK) to Hold from Underperform, raising its target price from $6.7 to $6.8 in a recent report. The broker reasoned that the short-term uncertainties such as the Group's much weaker-than-expected results last year, dividend cut and non-payment of bonus shares have all been...
2023/03/21 16:26
Hong Kong stocks rallied today. HSI closed up 258 points or 1.4% to close at 19,258, HSCEI inclined 80 points or 1.2% to close at 6,549, and HSTECH climbed 94 points or 2.5% to close at 3,966. Total market turnover for the day was $102.433 billion.As for financial stocks, HSBC HOLDINGS (00005.HK) rebounded 2.9% to $51.9, while A...
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