Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Gas Holdings Limited    384   BMG2109G1033

CHINA GAS HOLDINGS LIMITED

(384)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China-U.S. commercial deals signed during Trump's China visit

share with twitter share with LinkedIn share with facebook
11/09/2017 | 07:53am EDT

BEIJING (Reuters) - U.S. companies, from chip giant Qualcomm to aircraft maker Boeing, announced a slew of deals on Thursday during U.S. President Donald Trump's visit to Beijing. The deals could be valued as much as $250 billion, though some have been long in the pipeline and many are non-binding.

Here is a summary of the announced deals:

* China Energy Investment Corp, the world's largest power company by asset value, has signed a memorandum of understanding (MOU) to invest $83.7 billion in shale gas, power and chemical projects in West Virginia.

* China's top state oil major Sinopec, Bank Of China <3988.HK> (>> Bank of China Ltd) and China Investment Corp <CIC.UL> agreed to help develop a $43-billion natural gas project in Alaska.

* Boeing Co won orders and commitments worth $37 billion at list prices for 300 jets, including 260 narrow-body Boeing 737s and a total of 40 wide-body 787s and 777s from state purchasing agency China Aviation Supplies Holding Co.

* General Electric Co (>> General Electric Company) signed three commercial deals with Chinese partners worth a total of $3.5 billion.

* Qualcomm (>> Qualcomm) signed three non-binding agreements to sell $12 billion of semiconductors to Xiaomi, Oppo and Vivo over the next three years.

* Ford Motor (>> Ford Motor Company) and China's Anhui Zotye Automobile (>> Anhui Zotye Automobile Co Ltd) have agreed to invest a combined $756 million to set up a 50-50 joint venture in China to build electric passenger vehicles.

* Delfin Midstream has reached a preliminary 15-year sales deal to supply 3 million tonnes a year of liquefied natural gas (LNG) to city gas distributor China Gas Holdings (>> China Gas Holdings Ltd) from 2021.

* Goldman Sachs & Co [GSGSC.UL] and CIC announced a strategic agreement to establish a China and United States industrial cooperation fund. The fund will target $5 billion in commitments to invest in U.S. companies in the manufacturing, industrial, consumer and healthcare industries that have or can develop China business connections. 

* The United States soybean industry has signed letters of intent worth $5 billion with Chinese importers covering the purchase of an additional 12 million tonnes of soybeans in the 2017/18 marketing year.

* Air Products and Chemicals (>> Air Products & Chemicals, Inc.) ‍signed an agreement with Yankuang Group for a $3.5-bln coal-to-syngas production facility in China.

* JD.Com Inc (>> JD.com) said it would purchase more than $2 billion of U.S. agriculture and food products over the next three years, including at least $1.2 billion of beef from Montana Stock Growers Association and pork from Smithfield Foods Inc. [SFII.UL].

* Bell Helicopter, part of Textron Inc (>> Textron Inc.), reached a deal to sell 50 additional Bell 505 helicopters to Reignwood International, with Reignwood also being named the craft's exclusive reseller in China.

* Terex Utilities Inc. and Xuzhou Handler Special Vehicle (>> Xuzhou Handler Special Vehicle Co Ltd) signed a strategic letter of intent for Xuzhou Handler to by 5,000 insulated aerial devices from Terex over five years worth $250 million.

* Viroment signed an agreement with Hangzhou Iron and Steel worth $800 million addressing textile and sewage sludges for over 800 plants. Viroment also signed a $100-million agreement with Guangye Guangdong Environmental Protection Group to address sewage sludge solids disposal requirements in South China.

* Honeywell (>> Honeywell International) said it signed agreements with Oriental Energy to adopt Honeywell products for projects to convert propane into propylene and with Spring Airlines (>> Spring Airlines Co Ltd) to use Honeywell cockpit technologies and auxiliary power units in aircraft.

* Dow Chemical Co <DOW.BN> and Shanghai-based bike-sharing firm Mobike signed a memorandum of understanding to develop lighter-weight and more environmentally-friendly Mobikes.

* Drylet LLC agreed to form a joint venture with Nanjing Hoyo Municipal Utilities Investment and Administration for wastewater treatment in China. Hoyo Municipal Utilities Investment and Administration will also become an equity investor in Drylet.

* Software company SAS signed a cooperation agreement with Shenzhen Zhenghong Technology to establish the Big Data Innovation Center for Smart Manufacturing in Shenzhen.

* Caterpillar, Inc. (>> Caterpillar) and China Energy Investment Corporation signed a five-year strategic cooperative framework agreement covering future agreements for mining equipment sales and rentals, technology applications and product support.

* Cheniere Energy Inc (>> Cheniere Energy, Inc.) signed a memorandum of understanding (MOU) with China National Petroleum Corp [CNPET.UL] for long-term LNG sales and purchase cooperation.

* Westinghouse Electric Co. signed contracts with China's State Nuclear Power Technology Co. to build six AP1000 nuclear power plants in China.

* The Digit Group signs three contracts worth a combined $1.9 billion.

(Reporting by Beijing newsroom; Editing by Bill Tarrant and Clarence Fernandez)


Stocks mentioned in the article
ChangeLast1st jan.
AIR PRODUCTS & CHEMICALS 0.60% 294 Delayed Quote.25.11%
BANK OF CHINA LIMITED 0.31% 3.24 End-of-day quote.-12.20%
CATERPILLAR INC. -0.02% 168.59 Delayed Quote.14.16%
CHINA GAS HOLDINGS LIMITED 0.82% 24.45 End-of-day quote.-16.27%
FORD MOTOR COMPANY -0.61% 8.16 Delayed Quote.-12.26%
GENERAL ELECTRIC COMPANY -1.17% 7.63 Delayed Quote.-31.63%
HONEYWELL INTERNATIONAL INC. -0.74% 175.54 Delayed Quote.-0.82%
JD.COM, INC. 0.04% 81.34 Delayed Quote.130.88%
LETS HOLDINGS GROUP CO., LTD. 0.11% 9.04 End-of-day quote.49.67%
LINE CORPORATION 0.19% 5370 End-of-day quote.0.37%
LOOK HOLDINGS INCORPORATED 0.83% 970 End-of-day quote.-22.52%
QUALCOMM INCORPORATED 0.39% 128.88 Delayed Quote.46.07%
SOYBEAN MEAL FUTURES (ZM) - CBE (ELECTRONIC)/C1 1.15% 386.8 End-of-day quote.27.51%
SOYBEAN OIL FUTURES (ZL) - CBE (ELECTRONIC)/C1 1.37% 34.15 End-of-day quote.-2.32%
SPRING AIRLINES CO., LTD. -3.24% 42.12 End-of-day quote.-4.03%
TEXTRON INC. 0.95% 35.19 Delayed Quote.-21.84%
THE BOEING COMPANY -1.01% 167.36 Delayed Quote.-48.10%
THE GOLDMAN SACHS GROUP, INC. -0.18% 205.04 Delayed Quote.-10.83%
WORLD CO., LTD. 1.31% 1397 End-of-day quote.-48.09%
XUZHOU HANDLER SPECIAL VEHICLE CO., LTD. -0.83% 4.78 End-of-day quote.16.87%
ZOTYE AUTOMOBILE CO., LTD 0.00% 1.44 End-of-day quote.-50.85%
share with twitter share with LinkedIn share with facebook
All news about CHINA GAS HOLDINGS LIMITED
01:03aFACTBOX : China's growing niche buyers of liquefied natural gas
RE
12:59aSpurred by reform, China's niche LNG buyers to pour in investments, double im..
RE
10/19Hong Kong stocks end higher, subdued China GDP curbs gains
RE
10/05HK stocks end higher on White House reports of Trump's improving health
RE
09/30China shares rise on upbeat factory surveys, consumer stocks boost
RE
09/25Hong Kong stocks post biggest weekly drop in 6 months on renewed virus woes
RE
09/23CHINA GAS : Next Day Disclosure Returns
PU
09/23China stocks inch higher on healthcare boost
RE
09/22CHINA GAS : Next Day Disclosure Returns
PU
09/21CHINA GAS : Next Day Disclosure Returns
PU
More news
Financials
Sales 2021 67 024 M 8 649 M 8 649 M
Net income 2021 10 839 M 1 399 M 1 399 M
Net Debt 2021 32 997 M 4 258 M 4 258 M
P/E ratio 2021 11,7x
Yield 2021 2,45%
Capitalization 126 B 16 310 M 16 310 M
EV / Sales 2021 2,38x
EV / Sales 2022 2,05x
Nbr of Employees 59 462
Free-Float 46,0%
Chart CHINA GAS HOLDINGS LIMITED
Duration : Period :
China Gas Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA GAS HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Average target price 32,51 HKD
Last Close Price 24,25 HKD
Spread / Highest target 60,8%
Spread / Average Target 34,1%
Spread / Lowest Target -22,5%
EPS Revisions
Managers
NameTitle
Ming Hui Liu Executive Chairman, President & Managing Director
Yong Huang Executive President & Executive Director
Wei Wei Zhu Chief Financial Officer, Executive Director & VP
Erwan Mao Independent Non-Executive Director
Yu Hua Zhao Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
CHINA GAS HOLDINGS LIMITED-16.95%16 377
NATURGY ENERGY GROUP, S.A.-21.27%20 169
ATMOS ENERGY CORPORATION-13.61%11 785
TOKYO GAS CO.,LTD.-13.03%9 873
APA GROUP-3.78%9 053
OSAKA GAS CO., LTD.-7.03%7 885