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CHINA GAS HOLDINGS LIMITED

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Delayed Hong Kong Stock Exchange  -  05/23 04:08:12 am EDT
10.98 HKD   -0.54%
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Sinopec gets first LNG cargo under new deal with Qatar - state media

01/17/2022 | 10:52pm EDT
The company logo of China’s Sinopec Corp is displayed at a news conference in Hong Kong

SINGAPORE (Reuters) - China's Sinopec Corp received its first cargo of liquefied natural gas (LNG) under a new term supply deal signed last year with Qatar Petroleum, local state media reported on Tuesday.

The tanker Al Sahla, carrying 94,000 tonnes of Qatari gas, was discharged into Sinopec's Tianjin terminal earlier this week, state-run Tianjin Daily reported.

This is part of a deal signed with Qatar Petroleum in March for an annual supply of 2 million tonnes for 10 years, with supply starting this month.

(Reporting by Chen Aizhu; Editing by Sherry Jacob-Phillips)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CHINA GAS HOLDINGS LIMITED -0.54% 10.98 Delayed Quote.-31.85%
MSCI SINGAPORE (GDTR) 1.76% 5645.21 Real-time Quote.-10.08%
ON SEMICONDUCTOR CORPORATION -1.13% 55.86 Delayed Quote.-16.87%
S&P GSCI NATURAL GAS INDEX 7.92% 413.241 Real-time Quote.119.25%
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Financials
Sales 2022 81 884 M 10 431 M 10 431 M
Net income 2022 8 489 M 1 081 M 1 081 M
Net Debt 2022 32 557 M 4 147 M 4 147 M
P/E ratio 2022 7,20x
Yield 2022 4,28%
Capitalization 59 303 M 7 555 M 7 555 M
EV / Sales 2022 1,12x
EV / Sales 2023 1,01x
Nbr of Employees 59 462
Free-Float 49,3%
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 10,98 HKD
Average target price 17,58 HKD
Spread / Average Target 60,1%
EPS Revisions
Managers and Directors
Ming Hui Liu Executive Chairman, President & Managing Director
Yong Huang Executive President & Executive Director
Erwan Mao Independent Non-Executive Director
Yu Hua Zhao Independent Non-Executive Director
Yan Yan Chen Independent Non-Executive Director
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