China Gas Holdings Ltd (EBZ.BE)
- GuruFocus.com
China Gas Holdings Ltd's Dividend Analysis
China Gas Holdings Ltd (CGHOF) recently announced a dividend of $0.15 per share, payable on 2024-02-02, with the ex-dividend date set for 2024-01-04. Using the data from GuruFocus, let's look into China Gas Holdings Ltd's dividend performance and assess its sustainability. What Does China Gas Holdings Ltd Do?
- Reuters
Analysis-China policy reform to end losses for city-gas firms on household sales
Policy reform in China will boost profit for city-gas distributors by letting them raise prices for residential sales above costs, after years of selling piped gas to households at a loss, according to utility officials and analysts. The scheme, which allows retail residential tariffs to be adjusted twice a year in line with gas procurement costs, will inject billions of dollars in revenue into companies like ENN Energy Holdings, China Gas Holdings and China Resources Gas, utility officials said. Higher households tariffs - as much as 20% higher in certain cities - should also help alleviate some of the pain distributors felt last year, when China's gas use declined for the first time in two decades as COVID hammered the economy and lofty global liquefied natural gas (LNG) prices hurt imports.
