HK-listed China Tian Lun Gas hits near 7-mth high on robust outlook
26/02/2019 02:57
** Shares of China Tian Lun Gas Holdings Ltd 1600.HK rise
as much as 6.6 pct to HK$9.55, their highest since Aug. 8, 2018
** Co expects 2018 net profit of its core business to jump
more than 75 pct from a year ago amid rapid growth of gas sales
and gas connection for users in existing urban gas projects
urn:newsml:reuters.com:*:nFWN20K0JQ
** Co says business growth due to township "coal-to-gas"
conversion projects in Henan also boosts earnings
** As of the previous close, the stock has risen 39.1 pct so
far this year
** China Tian Lun Gas has outperformed the Hang Seng
Utilities Index sector .HSNU by 22.8 percentage points in the
past one month
** The Hang Seng China enterprises index .HSCE slides 0.8
pct while the benchmark index .HSI eases 0.7 pct on Tuesday
((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))