CLSA released a research report stating that while China Resources Gas Holdings Limited (01193) negative earnings may trigger short-term stock price volatility, the stock's relatively weak performance this year has largely reflected industry challenges. The firm has cut its earnings per share forecasts for fiscal years 2025-27 by 15%, 7%, and 3% respectively, while reducing the target price from HK$28.5 to HK$21. Considering that recovery potential still exists, CLSA maintains its "outperform" rating.

China Resources Gas showed weak first-half performance, primarily affected by cyclical headwinds in its core gas business, which accounts for 74% of EBIT, as well as being dragged down by its comprehensive service business (CSB) significantly underperforming expectations. Although the interim dividend increased year-over-year, management has not committed to raising the full-year dividend.