Goldman says HK & China Gas has enough cash for mainland project investment

Although Salomon Smith Barney indicated share repurchase plan of Hong Kong & China Gas (0003) has negative impact on the company in the long run, Goldman Sachs held an opposite tune by saying that the repurchase is a suitable method for the company to use cash on hand and it will not limit the investment plan in Mainland. Besides, Goldman Sachs maintained its rating on the company as in line with market and target price of HK$9.3.

Related stock : (3)