Sinolink International: First Hong Kong China Gas (00003.HK) "Buy" rating expected to benefit from nationwide gas volume growth and price differential repair.

According to the WiseCa App, CICC International released a research report stating that Hong Kong China Gas (00003.HK) has been implementing a fixed dividend policy, maintaining a dividend of 0.35 Hong Kong dollars per share from 2009 to the present (except for a special dividend in 2011). The dividend payout ratio of the company increased from 44% in 2009 to 114% in 2024, with the dividend amount rising from 2.3 billion Hong Kong dollars to 6.5 billion Hong Kong dollars, with an annual compound growth rate of 7.2%. The bank predicts that the company's net profit attributable to shareholders for 2025-2027 will be 5.848 billion, 6.044 billion, and 6.456 billion Hong Kong dollars respectively, representing year-on-year growth rates of 2.4/3.4/6.8%. Based on the closing price on September 11, 2025, the dividend yield is calculated to be 4.9%, and the company is given a "hold" rating for the first time.