Hong Kong & China Gas Share Price Flat Amidst Market Volatility

Date: Wednesday, February 5, 2025

Hong Kong & China Gas (0003.HK), a prominent energy company, has seen its share price remain flat at HKD 5.93 as of 10:52 AM Central Europe. This comes amidst a 24-hour period where the company’s stock price has not moved, a stark contrast to the market volatility that has been plaguing the sector.

Market Capitalization and Trading Volume

With a current market capitalization of HKD 111 billion, Hong Kong & China Gas has a significant presence in the market. The company’s trading volume has been relatively low, with approximately HKD 138.4 million worth of shares traded in the last 24 hours. This represents a decline of -2.78% since the last month-end.

52-Week High and Low

The company’s share price has been trading within a narrow range, with a 52-week high of HKD 6.66 reached on August 13, 2024, and a 52-week low of HKD 5.57 on February 14, 2024. The simple moving average of the last 200 days stands at HKD 6.14.

Leadership and Valuation

Hong Kong & China Gas has a price-to-earnings ratio of 20.24 and a price-to-book ratio of 1.94519, indicating a relatively high valuation multiple. The company’s leadership has been under scrutiny, with some analysts questioning the effectiveness of its current management structure.

Related Stocks

Other notable stocks in the sector have seen significant movements in the past 24 hours. Ck Infrastructure (1038.HK) has traded up 0.09% to HKD 52, while Jardine Matheson (J36.SI) has traded down -1.83% to USD 36.55. Imperium (8029.HK) has traded up 2.67% to HKD 0.39, and Wh (0288.HK) has traded down -0.48% to HKD 6.23.

Company Overview

Hong Kong & China Gas Co Ltd is a utility company based in North Point, Hong Kong. It produces, distributes, and markets gas and gas appliances to both residential and industrial customers through its brands. The company has a rich history, with its Initial Public Offering (IPO) dating back to April 11, 1960.