The Zhitong Finance App learned that Yamato released a research report saying that it will$HK & CHINA GAS (00003.HK)$The rating was upgraded from “selling” to “outperforming the market”, which may boost sales due to customs clearance between Hong Kong and the Mainland. Due to Towngas's weak control over the gross profit of its joint ventures and the like, its earnings forecast per share for 2022-24 was lowered by 16% to 27%, and the target price was reduced from HK$9.8 to HK$6.7. Furthermore, it was mentioned that they are pessimistic about Towngas's future dividend per share. It is expected that its dividend will remain flat in 2022-24, but the possibility of a reduction is not ruled out.