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

THE HONG KONG AND CHINA GAS COMPANY LIMITED

(3)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Hong Kong stocks fall after Wall Street tech rout

09/09/2020 | 04:46am 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)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN DOLLAR / CHINESE YUAN RENMINBI (CAD/CNY) -0.02% 5.2562 Delayed Quote.2.80%
CHINA MENGNIU DAIRY COMPANY LIMITED -0.22% 45.85 End-of-day quote.-2.03%
EURO / CHINESE YUAN RENMINBI (EUR/CNY) -0.72% 7.7127 Delayed Quote.-2.70%
HANG SENG -0.79% 28430.1 Real-time Quote.5.23%
MSCI AC ASIA EX JAPAN (STRD) -0.24% 889.21 Real-time Quote.5.74%
NIKKEI 225 -0.51% 29291.01 Real-time Quote.7.28%
THE HONG KONG AND CHINA GAS COMPANY LIMITED -0.82% 12.08 End-of-day quote.9.53%
All news about THE HONG KONG AND CHINA GAS COMPANY LIMITED
06/09Hong Kong and China Gas Lists $5 Billion Bond Program in Hong Kong
MT
06/08HONG KONG AND CHINA GASá : Towngas launches HK$3 million anti-pandemic raffle op..
AQ
06/04THE HONG KONG AND CHINA GAS COMPANY : BONUS ISSUE: 1 new share for 20 existing ..
FA
06/04THE HONG KONG AND CHINA GAS COMPANY : Ex-dividend day for final dividend
FA
06/02MARKET CHATTER : Towngas Not Raising Fees This Year
MT
04/21HONG KONG AND CHINA GASá : Letter to New Registered Shareholders and Reply Form ..
PU
04/21HONG KONG AND CHINA GASá : Closure of Register of Members
PU
04/21HONG KONG AND CHINA GASá : Annual Report
PU
04/21Hong Kong shares end lower on renewed concerns over virus resurgence
RE
03/19HONG KONG AND CHINA GASá : Change of Managing Director
PU
More news
Financials
Sales 2021 44 310 M 5 709 M 5 709 M
Net income 2021 7 401 M 954 M 954 M
Net Debt 2021 35 069 M 4 518 M 4 518 M
P/E ratio 2021 29,9x
Yield 2021 2,95%
Capitalization 225 B 29 041 M 29 042 M
EV / Sales 2021 5,88x
EV / Sales 2022 5,42x
Nbr of Employees 53 765
Free-Float 53,4%
Chart THE HONG KONG AND CHINA GAS COMPANY LIMITED
Duration : Period :
The Hong Kong and China Gas Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE HONG KONG AND CHINA GAS COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 11,77 HKD
Last Close Price 12,08 HKD
Spread / Highest target 15,9%
Spread / Average Target -2,53%
Spread / Lowest Target -25,5%
EPS Revisions
Managers and Directors
NameTitle
Wing Kin Chan Managing Director & Executive Director
Hon Ming Ho CFO, Secretary & Executive Director
Ka Shing Lee Co-Chairman
Ka Kit Lee Co-Chairman
Kwok Po Li Independent Non-Executive Director
Sector and Competitors