Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 11 December 2017, 19:20 HKT/SGT
Share:
    

Source: Beijing Gas Blue Sky Holdings Limited
Oceanwide issued a research report on Beijing Gas Blue Sky

HONG KONG, Dec 11, 2017 - (Media OutReach) - Oceanwide Securities issued a research report on Beijing Gas Blue Sky Holdings Limited ("the Company" or "BGBS", together with its subsidiaries, the "Group", HKSE: 6828) today.

The report states that the Group will receive high quality assets from its largest shareholder Beijing Gas Group Co., Ltd. ("Beijing Gas"), including 29% of a LNG receiving terminal in Caofeidian and 51% of Guangxi Teng County project. With the addition of the newly acquired Shanxi and Jilin city gas projects, it is estimated that it will highly enhance the Company's gas sales volume and profit. Meanwhile, benefit from implementation of coal-to-gas shifting policy, it is expected that LNG direct supply business will grow rapidly in the coming year.

The report states that the LNG receiving terminal in Caofeidian, Hebei Province, is principally engaged in provision of port facilities for vessels of liquefied natural gas; provision of cargo handling services, warehousing and loading services of liquefied natural gas within the port area; receiving, storage and re-gasification of liquefied natural gas. Having achieved a 26.7% YoY growth in FY16's net profit to about RMB166mn, it is expected to maintain a high growth in the coming two years, as well as to deliver stable cash flows and provide LNG at lower costs from overseas. It is also estimated that Guangxi Teng County, Shanxi and Jilin projects will bring significant growth to the Group's overall gas sales volume in 2018.

In addition, LNG direct supply will bring in new opportunities to the Company. BGBS is developing LNG direct supply business in industrial areas in Shandong and Zhejiang. Oceanwide expects to see an explosive revenue growth from this sector in the coming year.

About Beijing Gas Blue Sky Holdings Limited

Beijing Gas Blue Sky Holdings Limited ("Beijing Gas Blue Sky", HKSE stock code: 6828) is an integrated natural gas provider, distributor and operator, with an emphasis on the midstream and downstream natural gas development. Our natural gas business includes: (i) construction and operation of compressed natural gas ("CNG") and liquefied natural gas ("LNG") refueling stations for vehicles; (ii) construction of natural gas pipelines and operation of city gas projects by providing piped gas; (iii) direct supply of LNG to end-users; and (iv) trading and distribution of CNG and LNG.

The Group has adapted to the "One Belt One Road" policy, and focus on operating and investing natural gas business. The Group is actively expanding its business development and distribution, as well as continues to gradually expanding the scale of operations. Currently, the Group has business presence in several provinces in Northeast China, East China, Central South China and Southwest China, including Liaoning Province, Shandong Province, Anhui Province, Zhejiang Province, Hubei Province, Guizhou Province, Sichuan Province and Hainan Province, etc. The Group is committed to its vision: "develop clean energy, enhance customer value, create a beautiful blue sky". In the future, it will continue to actively investing and developing natural gas business, as well as participating in the development of natural gas industry value chain.

For media inquiries, please contact:
Stimulus Investor Relations Ltd.
Contact: Ms. Hill Ho / Mr. Michael Yeung
Tel: +852 3159 2944 / +852 3159 2994
Email: hill.ho@stimulus-ir.com / michael.yeung@stimulus-ir.com


Dec 11, 2017 19:20 HKT/SGT
Topic: Press release summary
Sectors: Energy
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Beijing Gas Blue Sky Holdings Limited
Aug 30, 2018 00:50 HKT/SGT
Beijing Gas Blue Sky Announces 2018 Interim Results
Aug 20, 2018 16:50 HKT/SGT
BGBS announces positive profit alert and expects to record an increase in net profit for 2018 1H
Aug 17, 2018 23:50 HKT/SGT
GPS, an Energy Investment Holding in Thailand Completed First Tranche of Subscription of BGBS's Share
July 12, 2018 21:25 HKT/SGT
Industrial Securities Expected to See a Significant Growth in Revenue of BGBS After the Acquisition of Tangshan LNG Terminal
July 4, 2018 21:30 HKT/SGT
BGBS entered into Strategic Cooperation Agreement with KunLun Guizhou Co.
June 6, 2018 20:30 HKT/SGT
BGBS completed the acquisition of 29% equity interest of a LNG terminal in Caofeidian, to further promote the strategic development of entire business chain of LNG
May 16, 2018 19:15 HKT/SGT
BGBS duly passed the acquisition of 29% equity interest of a LNG terminal in Caofeidian
May 9, 2018 22:30 HKT/SGT
BG Blue Sky entered into a LNG Supply Agreement with Kunlun Energy
Mar 5, 2018 21:50 HKT/SGT
Prism Energy International PTE. LTD. will subscribe for BG Blue Sky's CB in an aggregate principal amount of HK$180 million
Jan 24, 2018 22:00 HKT/SGT
Beijing Gas Blue Sky entered into a Strategic Cooperation Agreement with GPS, an energy investment holding in Thailand to develop energy related business; also entered into Shares Subscription Agreement with GPS's key shareholder
More news >>
 News Alerts
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: