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China Gas: Potential Rebound

From cityindex.co.uk

China Gas (384-hk), a Chinese natural gas company, recently announced that full-year net income rose 11.7% on year to 9.19 billion yuan on revenue of 59.54 billion yuan, up 0.3%. The company proposed a final dividend of 0.40 Hong Kong dollar per share, taking full-year dividend to 0.50 Hong Kong dollar per share, up 13.6% from the prior year. China Gas's share price has dropped about 30% from the high of November last year, amid coronavirus outbreak. However, as China's indicators showed a rebound in economic and industrial activity since March, the coronavirus impact on the current full-year earnings might not be as ... (full story)

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  • Category: Technical Analysis