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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 stocks fall after Wall Street tech rout

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09/09/2020 | 05:46am EDT

* HK->Shanghai Connect daily quota used -1.3%, Shanghai->HK daily quota used 3.2%

* HSI -0.6%, HSCE -1.0%, CSI300 -2.3%

* FTSE China A50 -1.5%

Sept 9 (Reuters) - Hong Kong stocks ended lower on Wednesday, dragged down by tech shares following a tech rout on the Wall Street.

** At the close of trade, the Hang Seng index was down 155.41 points or 0.63% at 24,468.93. The Hang Seng China Enterprises index fell 1.04% to 9,728.52.

** The sub-index of the Hang Seng tracking energy shares slipped 1.5%, while the IT sector slid 1.61%, the financial sector ended 0.66% lower and the property sector dipped 0.13%.

** The top gainer in the Hang Seng was Hong Kong and China Gas Co Ltd, which gained 2.5%, while the biggest loser was China Mengniu Dairy Co Ltd, which fell 3.99%.

** Tech shares led the declines. The Hang Seng tech index lost 1.5%, down for fifth session in a row.

** The Hang Seng index faced pressure as investors sold tech firms amid a U.S. selloff and persistent Sino-U.S. tensions, KGI Securities noted in report, adding the index could find support at 24,000 points.

** The brokerage noted limited room for a further rally in China's domestic banks listed in Hong Kong given the heavy pressure from bad loans in coming quarters.

** On the mainland, China stocks dropped the most in six weeks on Wednesday.

** The major concerns are lofty valuations and the uncertainties around Sino-U.S. tensions, said Luo Kun, director of macro strategy center at Chasing Securities.

** Any major corrections in U.S. stock market, where there is a relative big tech bubble following stellar gains, would also put pressure on China's start-up firms and wider tech players, Luo said.

** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.33%, while Japan's Nikkei index closed down 1.04%.

** The yuan was quoted at 6.8456 per U.S. dollar at 08:25 GMT, 0.02% firmer than the previous close of 6.847. (Reporting by Luoyan Liu and Andrew Galbraith)


Stocks mentioned in the article
ChangeLast1st jan.
CHINA MENGNIU DAIRY COMPANY LIMITED 0.26% 38.55 End-of-day quote.22.38%
HANG SENG -0.43% 24606.54 Real-time Quote.-12.34%
NIKKEI 225 -0.37% 23331.94 Real-time Quote.-0.72%
THE HONG KONG AND CHINA GAS COMPANY LIMITED -1.41% 11.22 End-of-day quote.-22.60%
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All news about THE HONG KONG AND CHINA GAS COMPANY LIMITED
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08/28HONG KONG AND CHINA GAS : Connected Transaction
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08/26HONG KONG AND CHINA GAS : Towngas tops Greater Bay Area Business Sustainability ..
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08/19THE HONG KONG AND CHINA GAS COMPANY : half-yearly earnings release
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08/17HONG KONG AND CHINA GAS : & China Gas 1st Half Net Profit Fell 31%
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More news
Financials
Sales 2020 39 069 M 5 039 M 5 039 M
Net income 2020 6 175 M 796 M 796 M
Net Debt 2020 32 557 M 4 199 M 4 199 M
P/E ratio 2020 31,7x
Yield 2020 3,14%
Capitalization 199 B 25 728 M 25 717 M
EV / Sales 2020 5,94x
EV / Sales 2021 5,41x
Nbr of Employees 52 693
Free-Float 58,2%
Chart THE HONG KONG AND CHINA GAS COMPANY LIMITED
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The Hong Kong and China Gas Company Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends THE HONG KONG AND CHINA GAS COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 13
Average target price 11,09 HKD
Last Close Price 11,22 HKD
Spread / Highest target 28,3%
Spread / Average Target -1,12%
Spread / Lowest Target -14,4%
EPS Revisions
Managers
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
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