--- title: "Hong Kong Stock Movement: DZUG rises 18.37%, driven by a surge in natural gas prices and a dual benefit from positive earnings guidance, leading to a significant increase in stock price" type: "News" locale: "en" url: "https://longbridge.com/en/news/277883959.md" description: "DZUG rose 18.37%; Kunlun Energy rose 0.82%, with a transaction amount reaching HKD 312 million; Hong Kong and China Gas had a transaction amount of HKD 150 million; Xinao Energy rose 0.36%, with a transaction amount reaching HKD 105 million; China Resources Gas fell 0.87%, with a market value of HKD 47.5 billion" datetime: "2026-03-05T05:46:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277883959.md) - [en](https://longbridge.com/en/news/277883959.md) - [zh-HK](https://longbridge.com/zh-HK/news/277883959.md) --- # Hong Kong Stock Movement: DZUG rises 18.37%, driven by a surge in natural gas prices and a dual benefit from positive earnings guidance, leading to a significant increase in stock price **Hong Kong Stock Movement** DZUG rose by 18.37%. Based on recent key news: 1. On March 2, the US and Israel's attack on Iran caused European natural gas prices to soar by 50%, and Qatar Energy Company suspended liquefied natural gas production, impacting the global natural gas market. DZUG benefited from the rise in natural gas prices, leading to a significant increase in its stock price. 2. Recently, DZUG announced a positive profit forecast, expecting a net profit growth of 50.1%-114.5% for the fiscal year 2025, driven by increased utility and financial asset returns, pushing the stock price up. 3. Li Xiaoran, an analyst at Morgan Stanley, pointed out that the positive performance combined with soaring natural gas prices indicates that the company's stock price still has room for growth in the short term. The volatility in the natural gas market has increased, necessitating attention to risks. **Stocks with High Trading Volume in the Industry** Kunlun Energy rose by 0.82%. Based on recent news: 1. On March 4, JP Morgan released a research report indicating that the situation in the Middle East has led to fluctuations in global oil and natural gas prices. JP Morgan believes that Kunlun Energy's exposure to spot liquefied natural gas risks is limited and is expected to perform better than its peers in a high energy price environment, setting a target price of HKD 9 and a "buy" rating. This news boosted market confidence, driving Kunlun Energy's stock price up by 0.82%. The risk of energy price fluctuations has increased. Hong Kong and China Gas had a trading volume of HKD 150 million. Based on recent key news: 1. On March 3, HSBC Global Research reported that the Hong Kong utility sector has outperformed the broader market during global conflicts, demonstrating defensive characteristics. Although Iran's closure of the Strait of Hormuz has led to soaring fuel prices, the impact on Hong Kong utilities' profits is minimal, as fuel prices can be passed on to user bills. HSBC maintains a "hold" rating on the gas company, believing that the likelihood of a dividend increase is low due to insufficient free cash flow generation. The utility sector is highly defensive and less affected by macro factors. Xinao Energy rose by 0.36%. Based on recent key news: 1. On March 4, JP Morgan released a research report indicating that the situation in the Middle East has led to fluctuations in global oil and natural gas prices. Xinao Energy is viewed positively due to the rise in its parent company's stock price and its hedging capabilities in liquefied natural gas contracts. JP Morgan set a target price of HKD 72.5 and a buy rating. 2. On March 3, Morgan Stanley sold shares of Xinao Natural Gas as part of a Delta 1 product hedging operation, involving 1,400 shares, with a total transaction amount of RMB 32,342, at prices between RMB 22.86 and 23.54. 3. On March 2, CLSA Global Markets Pte Limited conducted Delta 1 product transactions related to Xinao Natural Gas, buying and selling 100 shares each at a price of RMB 20.97 per share. The risk of energy price fluctuations has increased, necessitating attention. **Stocks with High Market Capitalization in the Industry** China Resources Gas fell by 0.87%. Based on recent key news: 1. On March 2, Han Song, a member of the Party Committee and Vice President of China Resources Group, was suspected of serious violations of discipline and law, voluntarily surrendered, and is currently undergoing disciplinary review and supervision investigation. This incident has raised concerns in the market about corporate governance, leading to a decline in stock prices. 2. On March 3, China Resources Gas announced changes in its board of directors, with Ge Lu resigning as a non-executive director, and Zhang Wei Tong and Qin Yan being appointed as non-executive directors and members of the nomination committee, respectively. This change may affect the company's strategic direction, and the market reaction is uncertain. 3. On March 2, the board of directors of China Resources Gas plans to hold a meeting on March 27 to review the annual financial report and potential dividend distribution. Market expectations for the financial report results vary, affecting stock price fluctuations. 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