Hong Kong & China Gas Co ( (HK:0003) ) just unveiled an update.
Hong Kong & China Gas Co reported strong financial performance for 2024, with a 34.5% increase in core operating profit, driven by growth in both its traditional utility and expanding green energy businesses. The company is actively investing in renewable energy projects, including sustainable aviation fuel and green methanol plants, positioning itself to meet future market demand and contribute to global climate change efforts.
More about Hong Kong & China Gas Co
The Hong Kong and China Gas Company Limited operates in the utility industry, focusing on gas services and renewable energy solutions. Its primary products include city-gas and green energy solutions such as sustainable aviation fuel, hydrogen energy, and marine green methanol. The company is expanding its market focus towards renewable energy, leveraging its extensive customer base and robust utility operations.
YTD Price Performance: 3.21%
Average Trading Volume: 50,195
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $15.54B
Learn more about 0003 stock on TipRanks’ Stock Analysis page.