Hong Kong & China Gas Co Ltd (HK:0003)
:0003
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Hong Kong & China Gas Co
(0003)
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Rating:64Neutral
Price Target:
HK$7.50
▲(5.34% Upside)
Action:ReiteratedDate:10/10/25
The overall score of 64 reflects a balance between the company's strong profitability and an attractive dividend yield against significant risks. The primary concerns are the persistent decline in top-line revenue and high financial leverage from a debt-to-equity ratio of 1.02. While the high dividend yield provides support, the neutral-to-bearish short-term technical indicators and fundamental risks temper the outlook.
Positive Factors
Diversified Revenue Streams
The company's diversification into infrastructure and renewable energy projects provides multiple revenue streams, reducing dependency on traditional gas sales and enhancing long-term stability.
Negative Factors
Revenue Decline
A decline in revenue indicates challenges in market demand or competitive pressures, which could impact long-term growth prospects if not addressed.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Revenue Streams
The company's diversification into infrastructure and renewable energy projects provides multiple revenue streams, reducing dependency on traditional gas sales and enhancing long-term stability.
Read all positive factors
Hong Kong & China Gas Co (0003) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$132.86B
Dividend Yield4.94%
Average Volume (3M)22.06M
Price to Earnings (P/E)23.0
Beta (1Y)0.28
Revenue Growth0.36%
EPS Growth2.55%
CountryHK
Employees56,401
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.15
Shares Outstanding18,659,870,000
10 Day Avg. Volume25,817,623
30 Day Avg. Volume22,061,121
Financial Highlights & Ratios
PEG Ratio-6.49
Price to Book (P/B)2.02
Price to Sales (P/S)2.09
P/FCF Ratio45.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$7.21Price Target Upside1.26% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)0.32
Revenue Forecast (FY)HK$55.96B
Hong Kong & China Gas Co Business Overview & Revenue Model
Company Description
The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas in Hong Kong and Mainland China. It is involved in the provision of liquefied natural gas, methanol, and coal and other chemicals; ...
How the Company Makes Money
The company generates revenue primarily through the sale of natural gas to residential, commercial, and industrial customers, which constitutes its core revenue stream. Additionally, it earns income from the sale of gas appliances and equipment, a...
Hong Kong & China Gas Co Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
62
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.49B | 55.47B | 56.97B | 60.95B | 53.56B | 40.93B |
| Gross Profit | 8.95B | 23.11B | 21.98B | 14.38B | 14.02B | 12.72B |
| EBITDA | 11.88B | 12.16B | 11.88B | 12.34B | 10.42B | 11.34B |
| Net Income | 5.64B | 5.71B | 6.18B | 5.36B | 5.13B | 6.12B |
Balance Sheet | ||||||
| Total Assets | 162.42B | 158.27B | 161.98B | 168.47B | 168.07B | 150.28B |
| Cash, Cash Equivalents and Short-Term Investments | 9.79B | 7.69B | 10.41B | 13.36B | 10.63B | 7.83B |
| Total Debt | 62.06B | 58.81B | 56.91B | 60.44B | 55.92B | 43.03B |
| Total Liabilities | 93.50B | 89.94B | 90.96B | 95.71B | 88.61B | 73.51B |
| Stockholders Equity | 57.61B | 57.39B | 59.85B | 63.61B | 69.81B | 66.76B |
Cash Flow | ||||||
| Free Cash Flow | 3.95B | 2.54B | 2.50B | 1.40B | 2.20B | 3.29B |
| Operating Cash Flow | 9.75B | 9.00B | 10.93B | 9.73B | 10.62B | 10.58B |
| Investing Cash Flow | -2.06B | -2.31B | -2.50B | -8.41B | -13.47B | -8.17B |
| Financing Cash Flow | -8.05B | -9.21B | -12.45B | 1.91B | 5.39B | -3.01B |
Hong Kong & China Gas Co Technical Analysis
Negative
7.12
Price Trends
7.42
Negative
7.31
Negative
7.09
Positive
Market Momentum
-0.10
Positive
40.44
Neutral
32.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0003, the sentiment is Negative. The current price of 7.12 is below the 20-day moving average (MA) of 7.27, below the 50-day MA of 7.42, and above the 200-day MA of 7.09, indicating a neutral trend. The MACD of -0.10 indicates Positive momentum. The RSI at 40.44 is Neutral, neither overbought nor oversold. The STOCH value of 32.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0003.
Hong Kong & China Gas Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$71.93B | 12.01 | 12.60% | 4.30% | -3.19% | -2.68% | |
67 Neutral | HK$43.35B | 14.60 | 8.10% | 4.43% | -4.37% | -41.14% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | HK$132.86B | 23.00 | 9.73% | 4.94% | 0.36% | 2.55% | |
63 Neutral | HK$39.66B | 7.70 | 5.14% | 6.44% | -2.28% | -9.61% | |
56 Neutral | HK$12.67B | 8.67 | 6.35% | 6.38% | 3.86% | 30.34% | |
53 Neutral | HK$16.12B | 21.24 | 6.62% | 1.17% | -6.02% | ― |
* Utilities Sector Average
HK:0003
Hong Kong & China Gas Co
7.12
0.92
14.86%
HK:0384
China Gas Holdings
7.28
1.21
19.84%
HK:1193
China Resources Gas Group
19.11
-0.16
-0.84%
HK:1083
Towngas China Co
3.45
0.41
13.52%
HK:2688
ENN Energy Holdings
63.70
7.61
13.56%
HK:1635
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H
3.20
1.60
100.00%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.