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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  The Hong Kong and China Gas Company Limited    3   HK0003000038

THE HONG KONG AND CHINA GAS COMPANY LIMITED

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Hong Kong and China Gas : & China Gas 1st Half Net Profit Fell 31%

08/17/2020 | 05:15am EST

By Yi Wei Wong

Hong Kong & China Gas Co.'s first-half net profit fell amid a decline in revenue as the retail, restaurant and hospitality sectors were hit hard by Covid-19.

The gas supplier's net profit fell 31% to 2.67 billion Hong Kong dollars (US$344.5 million), it said Monday.

Revenues fell to HK$18.24 billion from HK$20.35 billion in the same period last year.

Hong Kong & China Gas said it expects to record steady full-year growth in Hong Kong customers as the impact of the pandemic gradually eases.

It expects its core utilities business to remain resilient amid the economic downturn, it said.

 

Write to Yi Wei Wong at yiwei.wong@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
CHINA GAS HOLDINGS LIMITED -1.01% 29.55 End-of-day quote.-4.06%
THE HONG KONG AND CHINA GAS COMPANY LIMITED -0.18% 11.28 End-of-day quote.-2.59%
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Financials
Sales 2020 39 439 M 5 088 M 5 088 M
Net income 2020 6 135 M 791 M 791 M
Net Debt 2020 31 788 M 4 101 M 4 101 M
P/E ratio 2020 32,4x
Yield 2020 3,13%
Capitalization 200 B 25 858 M 25 860 M
EV / Sales 2020 5,89x
EV / Sales 2021 5,38x
Nbr of Employees 52 693
Free-Float 58,2%
Chart THE HONG KONG AND CHINA GAS COMPANY LIMITED
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Technical analysis trends THE HONG KONG AND CHINA GAS COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 13
Average target price 11,28 HKD
Last Close Price 11,28 HKD
Spread / Highest target 27,7%
Spread / Average Target 0,01%
Spread / Lowest Target -14,9%
EPS Revisions
Managers and Directors
NameTitle
Wing Kin Chan Managing Director & Executive Director
Ka Shing Lee Co-Chairman
Ka Kit Lee Co-Chairman
Hon Ming Ho CFO, Secretary & Executive Director
Kwok Po Li Independent Non-Executive Director