Salomon: repurchasing action of Hong Kong and China Gas has negative effect

Salomon Smith Barney said that Hong Kong and China Gas Company (0003) announced
 to repurchase 300 mln to 400 mln shares might be beneficial in short term, but
 it would pose negative effect over the long-term increase of the company. The
 fund house forecasted the per share profit of Hong Kong and China Gas Company
 would be lifted by 3-4%, while its rate of return of the shares capital would
 be lifted by 2-3%. The fund house maintained the rating of the company at

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