HK Stock Market Move | HK & CHINA GAS (00003) rose over 6%, with net profit for the first half of the year increasing by 23% year-on-year. The interim dividend is 12 Hong Kong cents per share.
Hong Kong and China Gas (00003) rose over 6%. As of the time of writing, it has increased by 5.82%, trading at HK$7.18, with a transaction volume of HK$281 million.
HK & CHINA GAS (00003) is up more than 6%. As of the time of this report, it has risen by 5.82%, trading at HKD 7.18, with a transaction volume of HKD 281 million.
In terms of news, HK & CHINA GAS announced its mid-year performance for 2026, reporting a revenue of HKD 29.526 billion, a year-on-year increase of 7.31%. The growth-oriented business has made significant progress, with operating profit for the period increasing threefold compared to the previous year. The profit attributable to shareholders surged by 23% to HKD 3.64 billion, with basic earnings per share at HKD 0.195 and an interim dividend of HKD 0.12 per share. As of June 30, 2026, gas sales in Hong Kong amounted to 14.414 billion megajoules (equivalent to about 410 million cubic meters of natural gas), a year-on-year decrease of 3.5%. The number of customers is approximately 2.07 million, an increase of nearly 15,000 since the end of 2025.
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JP Morgan: Raises target price for HK & CHINA GAS (00003) to HKD 7.75, rating upgraded to "Overweight."
HK Stock Market Move | WELLCELL HOLD (02477) fell over 6%. The company anticipates a loss in its interim performance, reversing its previous profit. During the period, the telecommunications business recorded a loss.

HK Stock Market Move | The entire mobile industry chain has collectively declined. It is reported that the iPhone 17 series may increase in price globally before the end of the month, with the highest increase per unit nearing 1,000 yuan.

JP Morgan: Raises target price for HK & CHINA GAS (00003) to HKD 7.75, rating upgraded to "Overweight."
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