According to the Securities Times app, China Res Gas (01193) rose over 4%, as of the deadline, up 4.57% to HKD 30.9, with a turnover of 0.119 billion Hong Kong dollars.

On the news front, the SASAC recently held a thematic meeting on ensuring winter heating and supply by central enterprises this winter and next spring. The meeting emphasized the need to increase coal mining, coal and natural gas procurement efforts, complete new installation projects and grid connection, actively guide users to peak load shifting, and ensure safe supply during peak winter demand. Guotai Junan Securities pointed out that with the recovery in upstream gas prices and the increase in domestic natural gas consumption, the city gas business is expected to achieve stable gross margins, high gas sales volume.

GTJA research reports point out that benefiting from structural adjustments in profitability, improved operating cash flow, and a slowdown in capital expenditures, the company's profits are steadily growing, free cash flow is improving, DPS is entering an upward channel, and dividend value is increasing. The initial rating is 'shareholding', with an expected EPS of HKD 2.47/2.75/3.00 for the years 2024-2026 and a target price of HKD 37.05.