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An update from JY Gas Ltd. ( (HK:1407) ) is now available.
JY Gas Ltd. has renewed its natural gas supply arrangement by having its subsidiary Jiaoyun Gas enter into a 2026 Natural Gas Sale and Purchase Agreement with Shandong Shihua, under which Shandong Shihua will supply pipeline natural gas to Jiaoyun Gas from 1 January 2026 to 31 December 2026. As Shandong Shihua is a connected person at the subsidiary level through its 30% stake in Jiaoyun Shihua, the deal is classified as a continuing connected transaction under Hong Kong listing rules; although the annual cap exceeds HK$10 million and key ratios surpass 5%, the agreement, deemed fair and reasonable by the board and independent non-executive directors, will only be subject to reporting, annual review and announcement requirements and will not require a circular or independent shareholders’ approval, helping the company secure gas supply while streamlining compliance.
The most recent analyst rating on (HK:1407) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on JY Gas Ltd. stock, see the HK:1407 Stock Forecast page.
More about JY Gas Ltd.
JY Gas Ltd. is a Hong Kong-listed natural gas company that, through its subsidiaries, is engaged in the purchase and distribution of pipeline natural gas (PNG), with operations involving long-term supply arrangements in mainland China.
Average Trading Volume: 121,964
Technical Sentiment Signal: Buy
Current Market Cap: HK$259.9M
Find detailed analytics on 1407 stock on TipRanks’ Stock Analysis page.