not vested
<Research Report>CHINA GAS HOLD (00384.HK)'s purchase of Fortune Gas can raise value - JPM
Dec 19, 2012
CHINA GAS HOLD (00384.HK) agreed to acquire the entire Fortune Gas for US$400 million (approximately HK$3.12 billion), said J.P. Morgan, who deems the deal can raise the value of CHINA GAS HOLD.
The spot price is equivalent to 16 times projected 2014 earnings and 13 times 2015 projected earnings, said the broker after taking into consideration the potential growth factors upon completion of the takeover.
CHINA GAS HOLD was rated Neutral with target set at $6.21.
Source: AAStocks Financial News
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China Gas Holdings 0384
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Re: China Gas Holdings 0384
by winston » Mon Feb 04, 2013 2:07 pm
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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- Joined: Wed May 07, 2008 9:28 am
Re: China Gas Holdings 0384
by winston » Mon Feb 04, 2013 2:09 pm
not vested
<Research Report>CHINA GAS HOLD (00384.HK) cut to Neutral with target raised to $6.2 by UBS
Dec 07, 2013
UBS lowered the rating of CHINA GAS HOLD (00384.HK) from Buy to Neutral, as the stock has risen 36% since the release of positive profit alert.
Though the cooperation with SINOPEC CORP (00386.HK) may bring potential gain, boosting up the stock price, a precise evaluation needs more details of the cooperation.
The 2013-15 earning forecast for the Company is lifted by 54%, 38%, and 37% by the Bank, which says such has not priced in the strategic cooperation with SINOPEC.
Excluding disposal revenue, the Company's recurrent earning rose 85% yearly to RMB721 million in 1H2013. The target price is lifted from $4.9 to $6.2.
Source: AAStocks Financial News
<Research Report>CHINA GAS HOLD (00384.HK) cut to Neutral with target raised to $6.2 by UBS
Dec 07, 2013
UBS lowered the rating of CHINA GAS HOLD (00384.HK) from Buy to Neutral, as the stock has risen 36% since the release of positive profit alert.
Though the cooperation with SINOPEC CORP (00386.HK) may bring potential gain, boosting up the stock price, a precise evaluation needs more details of the cooperation.
The 2013-15 earning forecast for the Company is lifted by 54%, 38%, and 37% by the Bank, which says such has not priced in the strategic cooperation with SINOPEC.
Excluding disposal revenue, the Company's recurrent earning rose 85% yearly to RMB721 million in 1H2013. The target price is lifted from $4.9 to $6.2.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118879
- Joined: Wed May 07, 2008 9:28 am
Re: China Gas Holdings 0384
by winston » Thu Jun 26, 2014 5:57 am
not vested
Clean fuel fires up China Gas
China Gas Holdings (0384), which supplies 237 cities in the mainland, said annual profit surged 47 percent as demand for cleaner-burning fuel rose.
Net income climbed to HK$2.58 billion, or 51.61 cents a share, in the year ended March 31 from HK$1.76 billion, or 36.86 cents, the firm said yesterday.
Revenue rose 44 percent to HK$26 billion.
Sales volumes at China's natural gas distributors are climbing as the government takes measures to curb the burning of coal and encourage the use of gas to improve deteriorating air quality in cities, especially Beijing and Shanghai.
Companies such as China Gas, Beijing Enterprises Holdings (0392) and ENN Energy Holdings (2688) may also benefit from a US$400 billion (HK$3.12 trillion) deal between China National Petroleum Corp and Gazprom in May to import the fuel from Russia starting 2018.
China Gas rose 3 percent to HK$13.88. The earnings were announced after the close of markets. The shares have more than doubled in the past year, compared with a 15 percent gain in the benchmark Hang Seng Index.
Source: BLOOMBERG
Clean fuel fires up China Gas
China Gas Holdings (0384), which supplies 237 cities in the mainland, said annual profit surged 47 percent as demand for cleaner-burning fuel rose.
Net income climbed to HK$2.58 billion, or 51.61 cents a share, in the year ended March 31 from HK$1.76 billion, or 36.86 cents, the firm said yesterday.
Revenue rose 44 percent to HK$26 billion.
Sales volumes at China's natural gas distributors are climbing as the government takes measures to curb the burning of coal and encourage the use of gas to improve deteriorating air quality in cities, especially Beijing and Shanghai.
Companies such as China Gas, Beijing Enterprises Holdings (0392) and ENN Energy Holdings (2688) may also benefit from a US$400 billion (HK$3.12 trillion) deal between China National Petroleum Corp and Gazprom in May to import the fuel from Russia starting 2018.
China Gas rose 3 percent to HK$13.88. The earnings were announced after the close of markets. The shares have more than doubled in the past year, compared with a 15 percent gain in the benchmark Hang Seng Index.
Source: BLOOMBERG
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118879
- Joined: Wed May 07, 2008 9:28 am
13 posts
• Page 2 of 2 • 1, 2
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