Beijing Enterprises 0392

[winston]

not vested

BEIJING ENT (00392.HK) 1H net profit jumps 36.46%

BEIJING ENT (00392.HK) -3.900 (-5.516%) Short selling $72.39M; Ratio 18.798% reported interim fiscal results.

Revenue rose 9.15% yearly to $22.43 billion.

Net profit escalated 36.46% yearly to $2.814 billion.

EPS was $2.21, and dividend rose to HK28 cents.


Source: AAStocks Financial News

[winston]

not vested

11 Dec, 2014

BEIJING ENT (00392.HK) parent lifts holding to 60.59%

BEIJING ENT (00392.HK) announced that its parent company had purchased 5 million shares of the Company for an average price of $60.3 per share during the period from 5 November to 8 December, lifting the holding from 60.2% to 60.59%.

Source: AAStocks Financial News

[winston]

Beijing Enterprises shares plunge after buying minority stake in Russian oil and gas producer

BJE’s maiden foray into upstream production. Official signing witnessed by Premier Li Keqiang and Russian Prime Minister Dmitry Medvedev

Shares in Beijing Enterprises (BJE), which has exclusive right to distribute natural gas in the capital city, plunged as much as 8.6 per cent after it announced it plans to buy a minority stake in a Russian oil and gas producer for US$1.1 billion.

UOB Kay Hian analyst Shi Yan said investors’ negative reaction to the BJE’s acquisition is likely related to their perception that the deal was driven more by political than business profit considerations.

Daiwa Capital Markets analyst Dennis Ip said in a note that together with the 1.45 billion euros purchase of EEW – Germany’s largest municipal waste-to-electricity project operator – BJE has spent the equivalent of more than 40 per cent of its market capitalisation on overseas acquisitions this year.

China currently has excess gas supply, after the nation’s three state oil and gas giants signed a string of long-term contracts in recent years that committed them to import a vast amount of gas at high prices.

Source: SCMP

http://www.scmp.com/business/companies/ ... rity-stake

[winston]

Beijing Enterprises shares plunge after buying minority stake in Russian oil and gas producer

BJE’s maiden foray into upstream production. Official signing witnessed by Premier Li Keqiang and Russian Prime Minister Dmitry Medvedev

Shares in Beijing Enterprises (BJE), which has exclusive right to distribute natural gas in the capital city, plunged as much as 8.6 per cent after it announced it plans to buy a minority stake in a Russian oil and gas producer for US$1.1 billion.

UOB Kay Hian analyst Shi Yan said investors’ negative reaction to the BJE’s acquisition is likely related to their perception that the deal was driven more by political than business profit considerations.

Daiwa Capital Markets analyst Dennis Ip said in a note that together with the 1.45 billion euros purchase of EEW – Germany’s largest municipal waste-to-electricity project operator – BJE has spent the equivalent of more than 40 per cent of its market capitalisation on overseas acquisitions this year.

China currently has excess gas supply, after the nation’s three state oil and gas giants signed a string of long-term contracts in recent years that committed them to import a vast amount of gas at high prices.

Source: SCMP

http://www.scmp.com/business/companies/ ... rity-stake

[winston]

not vested

Piped natural gas distributor and toll road operator Beijing Enterprises rose by an average of 8 per cent three months after and 12.5 per cent six months after the company repurchased shares based on 37 filings since 2008.

The stock recorded a price gain three months and six months after on 65 per cent of the filings.
It was bought back for the first time since May 2016 with 100,000 shares purchased on May 29 at HK$37.20 each.

The trade was made on the back of the 13 per cent drop in the share price since March from HK$42.95.

Despite the fall in share price, the counter is still up since November 2016 from HK$33.80.
The group previously acquired 8 million shares in May 2016 at HK$38.00 each and 11.7 million shares in February 2016 at an average of HK$33.99 each.

Prior to the buybacks, since 2016, the company acquired 5.93 million shares from June 2008 to December 2015 at HK$21.85 to HK$66.90 each or an average of HK$41.41 each. The stock closed at HK$37.35 on Friday.

Source: SCMP