Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  The Hong Kong and China Gas Company Ltd.    0003   HK0003000038

THE HONG KONG AND CHINA GAS COMPANY LTD. (0003)
My previous session
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

Hong Kong and China Gas : Towngas honoured with Business for Social Good Award

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2017 | 02:57pm CEST

The Hong Kong and China Gas Company Limited (Towngas) participated in the Business for Social Good Outstanding Award and was honoured with the Business for Social Good Award, the first alike award in Hong Kong, launched by Our Hong Kong Foundation.

The aim of this Award is to identify local examples of creating social and environmental benefits through profit-making businesses.

As early as 1999, Towngas has taken the lead in utilising landfill gas as fuel for town gas production at Shuen Wan Landfill. In 2006, Towngas introduced the use of natural gas together with naphtha, as raw materials for gas production to help further reduce greenhouse gas emissions. Towngas has studied different environmental projects periodically in order to enhance competitive edge, profitability and promote environmental protection. Towngas' engineering team actively explored the feasibility of using landfill gas from North East New Territories Landfill as the energy source for generator. After our continuous attempts and enhancements, the Combined Heat and Power (CHP) Generating System was successfully established last year.

Towngas extended the pipeline which originally transfers landfill gas to Tai Po Production Plant. In addition, a 650 meters long sub-pipeline was constructed to supply landfill gas to Alice Ho Miu Ling Nethersole Hospital (Nethersole Hospital) as energy for generator to jointly achieve the environmental protection concept of 'turning waste into energy'. With the CHP Generating System, the flue gas and residual heat from cooling water produced by the landfill gas generator installed in Nethersole Hospital will be recovered to produce steam and hot water for disinfection, laundry and other purposes in the hospital. It is estimated that Nethersole Hospital will save about HK$ 2.7 million in energy costs each year.

Towngas Managing Director Alfred Chan said, 'After using the CHP Generating System, both the consumption of town gas and electricity can drop a maximum of around 25%. Annual carbon dioxide emissions can also reduce around 2,000 tonnes, equivalent to 86,620 trees' carbon dioxide absorption per year, thus improving air quality and creating a green environment. By implementing this project, Towngas can increase its gas sales and profit, landfill gas can be properly treated and Nethersole Hospital can also save its energy cost. It is definitely a win-win-win Business for Social Good project.

Towngas has already extended the landfill utilisation project to the South East New Territories Landfill in Tseung Kwan O. The Plant will begin its operation by the end of this month, creating a long term sustainable development condition for this project. Towngas will keep on exploring new Business for Social Good models, driving profits for the Company while simultaneously advancing the social values in the communities in which it operates.

Contact:

Tel: 2963 3493

Fax: 2516 7368

Email: ccd@towngas.com

(C) 2017 Electronic News Publishing, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on THE HONG KONG AND CHINA GA
09/13HONG KONG AND CHINA GAS : Towngas Green Flames VR Fun Fair 'VR Games Design Comp..
AQ
09/11THE HONG KONG AND CHINA GAS COMPANY : Ex-dividend day for interim dividend
FA
09/05HONG KONG AND CHINA GAS : Interim Report 2018
PU
08/21HONG KONG AND CHINA GAS : Closure of Register of Members
PU
08/03China's Beijing Gas charts new direction under helm of Madame Li
RE
06/30THE HONG KONG AND CHINA GAS COMPANY : Half-year report
CO
06/08THE HONG KONG AND CHINA GAS COMPANY : BONUS ISSUE: 1 new share for 10 existing ..
FA
06/08THE HONG KONG AND CHINA GAS COMPANY : Ex-dividend day for final dividend
FA
06/06THE HONG KONG AND CHINA GAS COMPANY : Proxy Statments
CO
06/05THE HONG KONG AND CHINA GAS COMPANY : Dividends
CO
More news
News from SeekingAlpha
2015Health Care REIT and Omega Healthcare gain after upgrades 
2015DIVIDEND GROWTH INVESTORS : I Have A Few Questions 
20154.8% Dividend Sabra Health Care Looks Attractive With Good Growth 
2015Health Care REIT down 3% on secondary offering 
2015A Strategic Remedy For Healthcare REIT Investors 
Financials (HKD)
Sales 2018 34 948 M
EBIT 2018 8 437 M
Net income 2018 8 495 M
Debt 2018 23 832 M
Yield 2018 2,24%
P/E ratio 2018 28,28
P/E ratio 2019 26,73
EV / Sales 2018 7,52x
EV / Sales 2019 6,97x
Capitalization 239 B
Chart THE HONG KONG AND CHINA GAS COMPANY LTD.
Duration : Period :
The Hong Kong and China Gas Company Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE HONG KONG AND CHINA GA
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 12
Average target price 13,9  HKD
Spread / Average Target -10%
EPS Revisions
Managers
NameTitle
Wing Kin Chan Managing Director & Executive Director
Shau Kee Lee Chairman
Hon Ming Ho Chief Financial Officer & Secretary
Kwok Po Li Independent Non-Executive Director
Ka Shing Lee Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
THE HONG KONG AND CHINA GAS COMPANY LTD.1.44%30 605
ENN ENERGY HOLDINGS LTD27.59%10 287
CHINA RESOURCES GAS GROUP LTD18.52%9 565
UGI CORP16.44%9 505
KUNLUN ENERGY COMPANY LTD7.68%9 128
ITALGAS-6.23%4 535