CHINA RES GAS (01193) has seen a rise of nearly 5%, currently up 4.78% to HKD 21.48, with a trading volume of HKD 164 million. According to recent reports, Citi has initiated a 30-day positive catalyst observation on CHINA RES GAS, suggesting that the company may benefit from its share buyback plans. CHINA RES GAS confirmed that it has set aside sufficient cash for the buyback and expects to repurchase approximately 60 million shares, representing 2.6% of its total shares outstanding, by the end of this year. The bank also noted an improvement in CHINA RES GAS's profitability, forecasting a year-on-year increase in net profit for the third quarter, recovering from a 30.5% decline in the first half of the year, and anticipates a retail gas sales volume growth of 1% to 2% year-on-year in the third quarter.