Fortune Oil Share Discussion Threads

[del44] 03/7/2015 07:59

Citi Maintains CHINA GAS HOLD(00384.HK) at Buy with Target Cut to $16.8
2015/06/25 11:31

Citigroup, in a report, stated that CHINA GAS HOLD(00384.HK) -0.380 (-2.950%) 's FY15 net profit surged 31% on a yearly basis to $3.37 billion, in line with market consensus. The group's dividend payout ratio was revised up from 22.5% to 24%. The research house expects for a 20% EPS growth, driven by better LPG margins, rising gas volumes and steady connection ramp for its city-gas projects. The rating was maintained at Buy. However, owing to a more conservative gas volume growth, the target price was lowered from $18.05 to $16.8 and FY16/17 earnings forecast was trimmed by 6% to 7%.

Near-term catalysts include higher gas connection growth which outperformed its peers; better margins arising from LPG business after stabilization of oil prices; joint venture projects with shareholders which facilitate the development of offshore business.

[via con] 02/7/2015 08:57

thanks for updating Dell, much appreciated.

atb

[del44] 25/6/2015 07:29

CHINA GAS HOLD (00384.HK) -0.160 (-1.220%) Executive Chairman, Managing Director and President Liu Ming Hui said at the press conference that the company's target is to sell 11 billion cubic meters of gas this year, representing an annual increase of 23%. The goal for 2017 is to realize a 25% increase to 14 billion cubic meters.

[tel5] 24/6/2015 22:05

dosnt do us much good now unless you used the proceeds of our crumbs to buy into china gas!

[del44] 24/6/2015 21:08

China gas holdings are going from strength to strength...looks like...

[del44] 24/6/2015 20:56

CHINA GAS HOLD (00384.HK) announced that for the year as of the end of March, the net profit rose 30.89% yearly to HK$3.37 billion. The EPS equaled HK67.3 cents; a final dividend of HK13.95 cents was declared.

Meanwhile, the turnover rose 21.83% yearly to HK$31.69 billion; gross profit rose 22.16% yearly to HK$6.46 billion

[del44] 19/6/2015 08:23

The World Bank’s private lending arm is targeting investments in natural gas companies in China, the largest growing market for the fuel.

The International Finance Corp. is investing $150 million in gas distribution company China Tian Lun Gas Holdings Ltd. about two weeks after announcing a $300 million debt-financing deal for China Gas Holdings Ltd. Tian Lun Gas shares jumped the most on record. The IFC will probably invest in two to three other gas distributors in the nation in the “medium term,” according to Lance Crist, the IFC’s global head of oil and gas in Washington.

Chinese gas demand will more than triple from 2012 to 2040 as the nation seeks to diversify away from coal to reduce air pollution, according to the Paris-based International Energy Agency. Gas will account for 11 percent of the country’s primary energy demand in 2040 from 4 percent now, the agency said in its 2014 World Energy Outlook report.

“Gas has traditionally been a very small part of the energy equation in the country, representing only about 5 percent of the energy supply,” Crist said. “The Chinese government itself is targeting to double that to around 10 percent over the next five years and frankly we would like to see it reach more like 15 to 20 percent in the next 25 years.”

[ken536] 01/6/2015 19:58

Hi Del. Pleased you've No probs
all's well with me since FTO
Still holding VLK. Ken

[del44] 01/6/2015 19:25

No probs Ken..
Hope all well post FTO...:-)

[ken536] 01/6/2015 17:45

Thanks once again Del44

Ken

[del44] 01/6/2015 17:06

One of the clauses was if they sold about 199 million shares which they CANT do, as FTO only owned directly say 197 million (figures not exact)They say they have no control over the res as they are a JV....And the CGH share price would have to be consistently over HK$12 per share (not exact) ....So unlikely to happen indeed.....

[zeppo] 01/6/2015 16:02

Since my previous posting a spokesperson for the company (of which we are no longer shareholders) referred me to pages 12/13?? of the offer document. (I doubt if I kept mine)

Only of certain conditions are met will there be another 5p.

The comment was that it is unlikely to happen.

z

[zeppo] 01/6/2015 15:46

Del44

Thank you!

z

[del44] 01/6/2015 13:36

I still rate the chances of a payment as low but I just keep an eye on this CGH, just in case they announce something. They have results out soon, if my memory serves me...

[zeppo] 01/6/2015 09:12

Any chance of the target driven 5p to add to the 10p paid out for shares?


z

[del44] 01/6/2015 08:05

Morgan Stanley, in its latest research report, said it believes CHINA GAS HOLD (00384.HK) +0.120 (+0.898%) Short selling $5.27M; Ratio 9.104% stands approximately 60% to 70% chance to outperform against its peers within 15 days, mainly because the stock has been traded off lately, leading to a more attractive short-term valuation. (Quote is delayed for at least 15 mins.Short Selling Data as at 2015-06-01 12:25.)

[via con] 05/5/2015 09:14

Thanks Dell for keeping us abreast of things happening in CGH land, much appreciated.

[del44] 04/5/2015 17:35

Thanks shar65...LOL...

[del44] 04/5/2015 17:35

Cheers exel...:-)
Just post as we are still some what interested in this stock even if the link is slim.....
All the best...

[shar65] 04/5/2015 15:45

Spread Betting and CFDs Magazine now online at This month's premium features includes Evil Knievil - The UK’s greatest short-seller dissects AIM’s regulatory shortcomings - Oil & Gas Services - M&A action is about to shake-up the sector – read our special report - The Mind of the Master - Jim Mellon shares his latest thoughts on the markets.

[exel] 04/5/2015 15:34

Thanks for keeping us in touch, Del. Guess we can't read too much into this - other than that mega growth is probably still on the cards? ex

[del44] 04/5/2015 08:36

CHINA GAS HOLD (00384.HK) announced that a US$300 million financing plan was arranged by IFC to the company.

[del44] 21/4/2015 08:21

LOL......
I thought we were playing snap....