SEHK:1193Gas Utilities
China Resources Gas (SEHK:1193) Stock Trails Firmer Margins And Flat EPS
China Resources Gas Group headed into this earnings print with a stock that has drifted over the past three months, even as the latest close at HK$16.44 leaves it trading on a P/E of 10.5x and well below a discounted cash flow estimate of HK$48.46. The headline from H1 2026 is simple: profitability is the story. Net profit margin over the last year sits at 3.6% compared with 3.0% previously, and earnings for this regulated utility have grown faster than its relatively modest top line.
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