Hong Kong/China Gas traded at 6.66 this Wednesday July 15th, decreasing 0.03 or 0.45 percent since the previous trading session. Looking back, over the last four weeks, Hong Kong/China Gas lost 0.75 percent. Over the last 12 months, its price fell by 2.20 percent. Looking ahead, we forecast Hong Kong/China Gas to be priced at 6.42 by the end of this quarter and at 5.84 in one year, according to Trading Economics global macro models projections and analysts expectations.
The Hong Kong and China Gas Company Limited is a company principally engaged in production, distribution and marketing of gas, water supply. The Company operates through four segments: the Gas, Water and Related Businesses segment, the New Energy segment, the Property segment, and the Other segments. The Gas, Water and Related Businesses segment is engaged in the gas, water and related businesses including utility businesses in Mainland China, and Hong Kong gas business. Utility businesses in Mainland China include city gas operations, construction of natural gas pipelines and natural gas storage facilities, water supply and wastewater operations. In addition, it also manufactures and sells home appliances, kitchen furnishings, and household goods. Hong Kong gas business includes production, distribution and sales of gas to residential and commercial markets.