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Hong Kong & China Gas (HOKCY)
OTHER OTC:HOKCY
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Hong Kong & China Gas (HOKCY) Price & Analysis

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HOKCY Stock Chart & Stats

$0.92
-$0.02(-2.41%)
At close: 4:00 PM EST
$0.92
-$0.02(-2.41%)

Bulls Say, Bears Say

Bulls Say
Stable Regulated ProfitabilityTowngas exhibits stable, utility-like margins (net ~10.5%, EBIT ~15% in 2025). For a regulated gas distributor, persistent mid-single-digit to double-digit margins reflect predictable cost recovery and tariff frameworks, supporting steady earnings and reducing volatility over a multi-month horizon.
Improving Cash GenerationOperating cash flow and free cash flow improved meaningfully in 2025, with FCF doubling year-over-year. Durable, positive FCF strengthens capacity to service debt, sustain the ~5% dividend, and fund routine capex without heavy external financing, improving long-term financial flexibility.
Entrenched Pipeline Network And Market PositionTowngas' core pipeline distribution and incumbent position in Hong Kong create durable network effects and high switching costs for customers. Its scale and local footprint, plus China JV exposure, support steady demand, regulatory recognition, and long-term customer stickiness versus new entrants.
Bears Say
Weak Revenue MomentumTop-line has softened and multi-year revenue momentum is negative, limiting organic growth potential. For a network utility with substantial fixed costs, declining volumes or pricing pressure compresses headroom for margin expansion and constrains capacity to accelerate debt reduction or new investments.
Rising Financial LeverageLeverage has increased materially over recent years, with debt roughly on par with equity. Higher indebtedness reduces resilience to rate shocks and earnings downturns, raises interest-service risk, and limits strategic flexibility for capex or M&A without further balance-sheet strengthening.
Gross-margin Pressure And Cash-quality InconsistencyA pronounced gross-margin drop in 2025 signals cost or pricing stress that could persist absent structural fixes. Coupled with inconsistent cash-flow quality metrics reported for 2025, this raises uncertainty about the sustainability of recent FCF gains and the predictability of funds for dividends or deleveraging.

HOKCY FAQ

What was Hong Kong & China Gas’s price range in the past 12 months?
Hong Kong & China Gas lowest stock price was $0.84 and its highest was $0.99 in the past 12 months.
    What is Hong Kong & China Gas’s market cap?
    Hong Kong & China Gas’s market cap is $16.24B.
      When is Hong Kong & China Gas’s upcoming earnings report date?
      Hong Kong & China Gas’s upcoming earnings report date is Aug 14, 2026 which is in 60 days.
        How were Hong Kong & China Gas’s earnings last quarter?
        Hong Kong & China Gas released its earnings results on Mar 20, 2026. The company reported $0.019 earnings per share for the quarter, beating the consensus estimate of N/A by $0.019.
          Is Hong Kong & China Gas overvalued?
          According to Wall Street analysts Hong Kong & China Gas’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Hong Kong & China Gas pay dividends?
            Hong Kong & China Gas pays a Quarterly dividend of $0.029 which represents an annual dividend yield of 5.11%. See more information on Hong Kong & China Gas dividends here
              What is Hong Kong & China Gas’s EPS estimate?
              Hong Kong & China Gas’s EPS estimate for its next earnings report is not yet available.
              How many shares outstanding does Hong Kong & China Gas have?
              Hong Kong & China Gas has 18,659,870,000 shares outstanding.
                What happened to Hong Kong & China Gas’s price movement after its last earnings report?
                Hong Kong & China Gas reported an EPS of $0.019 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -1.085%.
                  Which hedge fund is a major shareholder of Hong Kong & China Gas?
                  Currently, no hedge funds are holding shares in HOKCY
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Hong Kong & China Gas Stock Smart Score

                    3
                    Underperform
                    1
                    2
                    3
                    4
                    5
                    6
                    7
                    8
                    9
                    10

                    Technicals

                    SMA
                    Positive
                    20 days / 200 days
                    Momentum
                    29.25%
                    12-Months-Change

                    Fundamentals

                    Return on Equity
                    9.73%
                    Trailing 12-Months
                    Asset Growth
                    3.13%
                    Trailing 12-Months

                    Company Description

                    Hong Kong & China Gas

                    Established in 1862 and headquartered in North Point, Hong Kong, The Hong Kong and China Gas Company Limited is a comprehensive energy and utilities provider. The company's core business revolves around the production, distribution, and marketing of gas throughout Hong Kong and Mainland China, supplying town gas to approximately 1.9 million customers. Its energy-related activities span the provision of liquefied natural gas, methanol, coal, and other chemicals, alongside initiatives in biomass and agricultural waste conversion, photovoltaic energy, energy exploration and utilization, and the operation of natural gas refilling stations, piped city-gas projects, and upstream/midstream developments, including aviation fuel facilities. Beyond its gas operations, the firm plays a crucial role in water management, delivering water supply and treating domestic sewage and industrial wastewater for 2.4 million customers. The company also offers a suite of technology services, including network connectivity, data center and cloud computing solutions, software development, solution implementation, and systems integration. Furthermore, its diversified offerings include consultancy and engineering contractor services for infrastructure, utilities installation, and civil/building projects, as well as the design and manufacturing of gas meters and metering systems. The company also produces polyethylene piping and fittings. Its broader operations extend to customer centers, various retail ventures (cafés, restaurants, laundries), automated meter reading system development, laboratory testing, payment gateway services, project management, landfill gas initiatives, financing, logistics, oil ventures, research and development, property development, and securities investment activities.

                    Hong Kong & China Gas (HOKCY) Earnings & Revenues

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                    Ownership Overview

                    100.00%
                    Insiders
                    Mutual Funds
                    ― Other Institutional Investors
                    100.00% Public Companies and
                    Individual Investors

                    Options Prices

                    Currently, No data available
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