SEHK:3Gas Utilities
Should Hong Kong and China Gas’ Earnings Miss and Profit Downgrade Require Action From SEHK:3 Investors?
In the first half of its fiscal year to September 2025, Hong Kong and China Gas reported a 2% year-on-year revenue decline and a 24% fall in net profit, undershooting broker expectations due mainly to weaker new residential gas connections.
CICC responded by trimming its net profit forecasts for fiscal years 2026 and 2027 by around 9%, yet kept an Outperform rating, highlighting improving cash flow and the potential for stable dividends as important offsets to softer operating trends.
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