JP-CGHL@EC2602A

Nomura Upgrades Views on China's Natural Gas Industry and Recommends Stocks

EVE Energy and China Gas Sign Comprehensive Strategic Cooperation Agreement

EVE Energy and China Gas Sign Strategic Cooperation Agreement

Weather Turning Cold and Inventory Decline Leading to Natural Gas Price Changes in the US, Europe, and China

HSBC Downgrades China Gas Rating to Hold

CICC Maintains Overweight Industry Rating for China Gas

CHINA GAS HOLD released FY2026 Q1 earnings on November 28, 2025 (BJT) with actual revenue of HKD 17.24 B and EPS of HKD 0.1236

CHINA GAS HOLD released FY2026 Q2 earnings on November 28 After-Market (BJT), actual revenue HKD 17.24 B, actual EPS HKD 0.1236

CHINA GAS HOLD released FY2026 Semi-Annual Earnings on November 28 After-Market BJT, actual revenue HKD 34.48 B, actual EPS HKD 0.2472

China Gas Announces Mid-Year Profit Down 24.2%

China Gas Donates to Victims of Fatality Fire in Ma Po

CHINA GAS HOLD to Release FY2026 Semi-Annual Earnings on November 28, 2025 (BJT)

China Gas and BASF S 杉杉 Launch Smart Energy Storage Power Station

Mizuho Upgrades China Gas to Outperform

China Gas Announces Annual Earnings, Shares Rise

BOC International downgrades China Gas rating and profit forecast

CICC Maintains Outperform Industry Rating for China Gas

CHINA GAS HOLD released FY2025 9 Months Earnings on June 27 (BJT), actual revenue HKD 57.18 B, actual EPS HKD 0.4635

China Gas Holdings released FY2025 Q3 earnings on June 27 (BJT), actual revenue HKD 22.08 B, actual EPS HKD 0.1364

CHINA GAS HOLD released FY2025 Q4 earnings on June 27 After-Market (BJT), actual revenue HKD 22.08 B, actual EPS HKD 0.1364

PROSP INV HOLD

ELEGANCEOPTICAL

RIDGE OUTDOOR

K W NELSON GP

TIMES UNI GP

HAO BAI INTL

HING LEE (HK)

TIANYE WATER

SHANGHAI QINGPU

BJ DIGITAL

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China Gas Holdings Ltd. has signed a contract on February 6, 2026, to transfer shares. A wholly-owned subsidiary of the company is selling a stake valued at approximately 52.7 million RMB (about 58.5 million HKD) to a partially owned subsidiary of China Gas Holdings Ltd.

Reuters

CHINA GAS HOLD

China Gas Holdings verkauft Beteiligung für rund 58 Millionen HK-Dollar

China Gas Holdings Ltd. has announced an equity transfer agreement involving the sale of an equity interest by its wholly-owned subsidiary to a non-wholly owned subsidiary for RMB52,668,000 (approximately HK$58,520,000). The agreement was made on February 6, 2026. This information was disclosed via the Issuer Information Service of the Hong Kong Stock Exchange.

China Gas Holdings Announces Equity Transfer Agreement for Huatong Gas Equipment

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China Oil & Gas Group (HK:0603) has announced the results of its cash tender offer for the outstanding 4.7% senior notes due 2026, confirming compliance with Hong Kong regulations. The company clarified that this announcement is not an invitation to acquire securities and does not imply new financing commitments. The latest analyst rating for the stock is a Buy with a price target of HK$0.18. The company's market cap stands at HK$817.4M, focusing on natural gas exploration and distribution in mainland China.

Tip Ranks

Guotai CSI Oil & Gas Industry ETF

Yinhua CSI Oil & Gas Resources ETF

China Universal CSI Oil & Gas Resources ETF

Bosera CSI Oil & Gas Resources Index ETF

China Oil & Gas Reports Results of 4.7% Note Tender Offer

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HSBC

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Hong Kong stocks ADR is expected to open 86 points lower this morning, reporting at 26,748 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CKH Holdings 63.261 (premium 1.17%), CLP Holdings 74.664 (premium -0.29%), Hong Kong and China Gas 7.161 (premium 5.15%), Wharf Real Estate Investment 23.118 (premium 13.76%), HSBC Holdings 138.988 (premium -0.06%), Power Assets Holdings 61.036 (premium 1.17%), PCCW 5.958 (premium 0.70%), Henderson Land 30.537 (premium 4.14%), Sun Hung Kai Properties 122.852 (premium 0.20%), New World Development 10.638 (premium -3.65%), Swire Pacific A 77.163 (premium 0.50%), Bank of East Asia 13.3 (premium 10.53%), Galaxy Entertainment 43.924 (premium -4.29%), Hang Lung Properties 9.317 (premium 0.14%), Geely Automobile 19.076 (premium -17.02%), CITIC Limited 12.715 (premium -3.89%), Cathay Pacific Airways 12.473 (premium -0.59%), China Gas

AASTOCKS

BANK OF E ASIA

SWIRE PACIFIC B

HENDERSON LAND

China Southern CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

CKH HOLDINGS

The Hong Kong stock ADR is expected to open 86 points lower this morning, reporting at 26,748 points

China Gas Holdings Limited (HKG:384) is estimated to be 49% undervalued, with a projected fair value of HK$15.37 compared to its current share price of HK$7.80. The analysis uses a two-stage Discounted Cash Flow (DCF) model, forecasting future cash flows and discounting them to present value. The total equity value is calculated at HK$84 billion, indicating significant undervaluation relative to the analyst price target of HK$8.12. However, the DCF model's assumptions can greatly affect the valuation, and it is recommended to review the calculations independently.

Simplywall

Is There An Opportunity With China Gas Holdings Limited's (HKG:384) 49% Undervaluation?

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HK & CHINA GAS

Daiwa's Investment Ratings and Target Prices for Gas Stocks (Table)

CICC published a research report, lowering the net profit forecasts for CHINA GAS HOLD for the fiscal years 2026 and 2027 by 9.6% and 8.8%, respectively, but maintaining an "outperform industry" rating and a target price of 10 yuan. The report pointed out that the company's revenue and net profit in the first half of the fiscal year fell by 2% and 24% year-on-year, mainly due to a decrease in the number of new residential connections. Nevertheless, the company's cash flow has improved, and there remains potential for stable dividends

In "Major Banks," CICC lowers the earnings forecast for CHINA GAS HOLD and maintains the "Outperform Industry" rating

CHINA GAS HOLD announced its interim results for the period ending September this year, with a revenue of 34.481 billion yuan, a year-on-year decrease of 1.8%. Net profit was 1.334 billion yuan, a year-on-year decrease of 24.2%; earnings per share were 24.73 cents. An interim dividend of 15 cents was declared, unchanged from the same period last year. During the period, gross profit was 5.506 billion yuan, a year-on-year decrease of 6%, with an overall gross profit margin of 16%. Total natural gas sales volume increased by 1.7% year-on-year to 17.414 billion cubic meters. The number of new residential connections decreased by 25.2%, new industrial connections decreased by 7.8%, and new commercial connections decreased by 18.3%

"Performance" CHINA GAS HOLD's net profit for the half year is 1.334 billion yuan, a decrease of 24.2%, with an interim dividend maintained at 15 cents

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The Hong Kong stock ADR is expected to open 24 points higher this morning, reporting at 26,721 points. The relative stock prices and the premium situation of Hong Kong stocks to the ADRs are as follows: CK Hutchison Holdings HKD 52.97 (premium 0.15%), CLP Holdings HKD 68.019 (premium 0.27%), HK & China Gas HKD 7.216 (premium 4.49%), Wharf Holdings HKD 22.893 (premium 0.12%), HSBC Holdings HKD 112.764 (premium -0.32%), Power Assets Holdings HKD 52.006 (premium -1.65%), PCCW HKD 5.442 (premium 9.70%), Hang Seng Bank HKD 151.741 (premium 0.17%), Henderson Land HKD 29.151 (premium 1.27%), SHK PPT HKD 99.347 (premium -0.85%), New World Development HKD 6.751 (premium 11.69%), Swire Properties A HKD 68.622 (premium -0.03%), Bank of East Asia HKD 13.837 (premium -1.50%), Galaxy Entertainment HKD 42.366 (premium -3.46%), Hang Lung Properties HKD 9.017 (premium 0.37%), Geely Automobile HKD 18.987 (premium -4.57%), CITIC Limited HKD 12.593 (premium 1.17%), Cathay Pacific Airways HKD 11.8 (premium 2.54%), China Gas HKD 8.021 (premium 7.22%), Hong Kong Exchanges and Clearing HKD 438.876 (premium -0.79%)

Wharf Holdings

WHARF HOLDINGS

SHK PPT

Hong Kong stocks ADR are expected to open 24 points higher this morning, reporting at 26,721 points

China Gas (384.HK) has recently maintained a fluctuation at historical highs, with a MACD golden cross forming on the technical front, but the trading volume has not shown sustained expansion. The main position structure indicates that bullish funds have continuity, but some chips have shown signs of loosening at high levels. In the early trading phase, the market showed mixed performance, indicating intense long-short competition. Overall, the short-term bullish pattern remains unchanged, but the lack of supporting trading volume hides the risk of a pullback. It is recommended to pay attention to the 5-day moving average and high-level support; if key support can be maintained and a volume breakout occurs, a medium-term bullish outlook will continue; if there is repeated pressure at high levels, a short-term adjustment cannot be ruled out. In terms of operations, it is advisable to adjust positions dynamically in conjunction with sector rotation and industry fundamentals, and avoid blindly chasing highs

Technical Forecast

Morning Trend | CHINA GAS HOLD oscillates around high levels, is the bullish layout ongoing or are there hidden concerns?

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The Hong Kong stock ADR is expected to open 104 points lower this morning, reporting at 25,848 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CK Hutchison (0.97%), CLP Holdings (0.36%), Hong Kong and China Gas (8.39%), Wharf Holdings (-0.51%), HSBC Holdings (-0.54%), Power Assets Holdings (1.08%), PCCW (0.64%), Hang Seng Bank (-0.38%), HENDERSON LAND (2.04%), SHK PPT (0.00%), New World Development (0.13%), Swire Properties A (0.85%), Bank of East Asia (-1.99%), Galaxy Entertainment (-5.39%), Hang Lung Properties (1.56%), Geely Automobile (-7.51%), CITIC (6.22%), CATHAY PAC AIR (-0.29%), CHINA GAS HOLD (0.62%), Hong Kong Exchanges and Clearing (0.26%)

CITIC

CATHAY PAC AIR

Hong Kong stocks ADR are expected to open 104 points lower this morning, reporting at 25,848 points

The Hong Kong stock ADR is expected to open 26 points higher this morning, reporting at 26,185 points. The relative stock prices of related ADRs and the premium situation of Hong Kong stocks to the ADRs are as follows: CK Hutchison Holdings HKD 51.636 (premium 0.80%), CLP Holdings HKD 66.439 (premium 0.39%), HK & CHINA GAS HKD 7.149 (premium 0.99%), Wharf Real Estate Investment HKD 19.465 (premium 6.24%), HSBC Holdings HKD 109.503 (discount 1.10%), Power Assets Holdings HKD 48.955 (premium 1.93%), PCCW HKD 5.599 (discount 1.59%), Hang Seng Bank HKD 151.061 (premium 0.42%), Henderson Land Development HKD 27.275 (premium 1.41%), Sun Hung Kai Properties HKD 96.744 (discount 0.20%), New World Development HKD 6.991 (premium 5.99%), Swire Properties A HKD 64.496 (premium 0.47%), Bank of East Asia HKD 13.832 (discount 3.77%), Galaxy Entertainment HKD 40.64 (discount 5.56%), Hang Lung Properties HKD 8.392 (premium 2.48%), Geely Automobile HKD 18.98 (discount 6.38%), CITIC Limited HKD 11.679 (premium 4.38%), Cathay Pacific Airways HKD 11.26 (discount 0.27%), CHINA GAS HOLD HKD 8.018 (premium 0.15%), Hong Kong Exchanges and Clearing HKD 427.85 (premium 0.22%)

The Hong Kong stock ADR is expected to open 26 points higher this morning, reporting at 26,185 points

JP-CGHL@EC2602A(18398.HK)

China Gas Holdings verkauft Beteiligung für rund 58 Millionen HK-Dollar

China Gas Holdings Announces Equity Transfer Agreement for Huatong Gas Equipment

China Oil & Gas Reports Results of 4.7% Note Tender Offer

The Hong Kong stock ADR is expected to open 86 points lower this morning, reporting at 26,748 points

Is There An Opportunity With China Gas Holdings Limited's (HKG:384) 49% Undervaluation?