Towngas Smart Energy Company Limited (TGASF)
Towngas Smart Energy Company Limited operates in the Regulated Gas industry of the Utilities sector, headquartered in Hong Kong, HK. The stock last traded at $0.43, down 0.00% on the session, giving a market capitalisation of $1.62B. On trailing twelve-month figures it carries a trailing P/E of 7.03, a net margin of 7.6%. Its beta of 0.84 implies it has historically moved less than the broad market.
Towngas Smart Energy Company Limited operates as an investment holding entity primarily engaged in the supply and distribution of piped gas throughout the People's Republic of China. Its business is structured around two key divisions: the Sale and Distribution of Piped Gas and Ancillary Products, and Gas Connection services. The company's core activities encompass the provision of natural gas and associated services, the construction of gas pipelines, and the management of urban gas networks. It also retails gas-related household appliances and delivers various value-added services. Additionally, the firm extends financing options, offers specialized engineering services, manages vehicle gas refueling stations, and develops intelligent energy solutions. Serving a substantial customer base of approximately 15.09 million, Towngas Smart Energy Company Limited was founded in 1998. It operated as Towngas China Company Limited until its rebranding in December 2021. The company maintains its headquarters in North Point, Hong Kong, and functions as a subsidiary of The Hong Kong and China Gas Company Limited.
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