China Gas Shares - Daiwa downgrades rating after weak performance
19.06.2026 - 21:55:45 | ad-hoc-news.de
Edited by ad hoc news Sector & Peer-Group Desk. Verified prior to publication on 06/19/2026, 21:54 CET. Details in the imprint.
China Gas (HK0384000940) sits at the center of renewed analyst caution on Hong Kong-listed city gas distributors. Daiwa Securities has downgraded the shares from Outperform to Hold and adjusted its price target, according to a recent analyst update.
All news and analysis on China Gas stock
Recent analyst moves and sector trends provide important context for China Gas stock and its peers in the mainland city gas market.
What Daiwa now expects
Daiwa Securities recently lowered its recommendation on China Gas from Outperform to Hold and set a price target of HKD 6, citing weaker share performance and earnings pressure across Chinese gas distributors.
The move follows a period in which China Gas shares have underperformed, with MarketScreener data showing the stock down roughly 18% over the past year.
How China Gas compares with peers
The downgrade comes as the broader Hong Kong-listed city gas sector faces slower volume growth and ongoing margin pressure from regulated retail tariffs and rising operating costs, according to sector commentary from several brokerages.
MarketScreener data show that despite the recent weakness, the average analyst target on China Gas remains above the last close, highlighting a split between cautious ratings and still-upside-biased valuation models.
What the company sells
China Gas generates most of its revenue from piped natural gas distribution to residential, commercial and industrial users in mainland China, alongside connection fees for new households and businesses and sales of liquefied petroleum gas and related services.
Where the stock trades today
China Gas shares (HK0384000940) last closed on the Hong Kong Stock Exchange at HKD 6.26 on 06/19/2026, according to recent quote data from MarketScreener.
China Gas at a glance
- Company: China Gas Holdings Ltd.
- ISIN: HK0384000940
- WKN: A0M4XF
- Ticker: 0384
- Venue: HKEX
- Price (as of 06/19/2026, 21:54 CET): 6.26 HKD
- Market cap: around 37 billion HKD (as of 06/19/2026)
- Sector / Industry: Utilities / Gas distribution
- Index membership: Hang Seng Composite
- Next earnings date: not officially scheduled
This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.
