MBCRGAS@EC2609A

HARBOUR DIGITAL

CONGYU INTE AGR

GF HEALTHCARE

KWONG MAN KEE

51WORLD

160 HEALTH

HUILI RES

HUAYUEXPRESSWAY

METASURFACE

CHERISH SUN

01193

China Resources Gas (1193.HK) has recently been troubled by multiple pressures, oscillating around the key support level of HKD 20.80 throughout the day yesterday. The overall market shows that the strength of the bulls has weakened, with main funds focusing on reducing positions and risk aversion, leading to intensified selling pressure towards the end of the trading session, bringing new challenges. The gas industry is focused on the decline in international raw material prices and seasonal fluctuations in gas demand in the mainland, which have limited effects on stock price incentives. There are no substantial positive factors in the sector, and leading companies are generally "lying flat," with main hot money attempting to switch to emerging growth areas. Any brief rebounds during the trading session were quickly sold off, reflecting a weakened willingness of speculative funds to cluster, with rapid rotation of hotspots. The short-term technical pattern remains dominated by bears, with the K-line combination weaker than the market average, and resistance repeatedly verified near important moving averages. In the absence of industry news, driving factors such as equipment factory orders are lacking, making it difficult for the gas and related sectors to sustain performance. Main funds tend to flow back into sectors like consumption and banking, with trading volume still sluggish. The MACD shows a bearish pattern, indicating low confidence in short-term speculation. If HKD 20.80 breaks down with increased volume, it will form a new low for the phase, with technical pressure levels moving down. If it holds steady, there may be a bottoming oscillation to initiate a recovery trend. Future trading should focus on changes in international raw material news, policy adjustments, and phase fund flows

Technical Forecast

CHINA RES GAS

Morning Trend | CHINA RES GAS main force on the sidelines, can it hold 20.80 yuan during the session?

China Resources Gas Group has announced the completion of a RMB1 billion issuance of medium-term notes by its subsidiary, China Resources Gas Investment. The notes have a three-year term and a 1.71% annual coupon, aimed at enhancing liquidity and financial flexibility for its operations in mainland China. Shareholders are advised to exercise caution when trading the company's securities. The stock currently holds a Buy rating with a target price of HK$27.00.

Tip Ranks

China Resources Gas Completes RMB1 Billion First Tranche Medium-Term Note Issuance in China

561760

On January 27th, China Resources Gas (1193.HK) maintained a weak pattern throughout the day, with occasional capital movements at the opening, but quickly returned to silence during the day. The main trading volume was inactive, with low-level fluctuations and a gradual downward shift in focus, with 20.80 yuan becoming a key defensive point for both bulls and bears during the session. The utility sector has seen extremely light news recently, with stable gas consumption across various regions and no explosive growth, while related policies are still in negotiation, leading to significant divergence in market expectations. Expectations for industry upgrades and reforms have yet to materialize, and the sector lacks new hotspots or capital catalysts. Mainstream capital positions are gradually decreasing, and the motivation to chase higher prices has significantly weakened, with an operational style primarily focused on cautious defense. 

From a technical perspective, after the MACD turned green in this round, the bearish pressure has continued to increase, with all short-term moving averages in a bearish arrangement, indicating a weak trading structure. Occasionally, there have been attempts by capital to fill positions during the session, but without accompanying volume, it is difficult to form effective signals to stop the decline. In the future, it is necessary to closely monitor marginal changes in policies and unusual trading activities to capture potential rebound windows. Overall assessment suggests that China Resources Gas is currently in a phase of disorderly fluctuations and defense, with the main force not significantly present. It is recommended that right-side traders continue to observe, focusing on policy event-driven changes and the relationship between volume and price, before making dynamic adjustments to positions, while guarding against the risk of inertia in the market pushing prices down before rebound opportunities arise

Bosera CSI Oil & Gas Resources Index ETF

Morning Trend | CHINA RES GAS waits for policy changes, where are the signals for sector rebound hidden?

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Tianjin Jinran Public Utilities Co. Ltd. will hold an extraordinary general meeting on February 11, 2026, in Tianjin. Shareholders will vote on the approval of an engineering works framework agreement with Jinran China Resources Gas Co., Ltd., including related transactions and annual caps.

Reuters

TIANJINJINRAN

Tianjin Jinran Public Utilities Co. Ltd. Announces Date for Extraordinary General Meeting

China Resources Gas (1193.HK) experienced wide fluctuations in the high range of 22-23 HKD yesterday. Although the surface consolidation has intensified, it actually reflects a divergence in capital. Benefiting from urban consumption recovery and favorable related policies, the gas sector remains an important allocation direction for defensive funds, but the pressure at high levels is evident. The buying and selling forces are in a tug-of-war, and the market trend momentum is relatively weakened, with trading volume hovering around recent averages. Long-term mergers and acquisitions and new projects are frequently reported within and outside the industry, but they have yet to ignite a second wave of upward momentum. Large funds continue to tentatively flow back, with cautious operational willingness, and the competition among major players in the sector is heating up. Technically, bullish momentum still exists, but the pressure from the 20-day moving average is significant. If it is breached, it could easily trigger profit-taking and sector adjustments. As short-term speculative funds quickly switch, the subsequent performance of individual stocks is extremely sensitive to the flow of major funds. If there is a sudden large outflow of funds, China Resources Gas will face pressure adjustments, and the probability of a downward wave will increase accordingly. Investors should closely monitor the catalytic factors for the industry in the future and the attention level of the sector, and manage short-term risk control effectively

Morning Trend | CHINA RES GAS consolidates at a high level, with increasing divergence among main forces affecting market direction

The board of directors of CHINA RES GAS recommends applying to relocate the company's registration to Hong Kong in accordance with Hong Kong law, planning to revoke the Bermuda registration after obtaining the relocation certificate. The board believes that the relocation will help manage the group's business more effectively, promote the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, and reduce the complexity of cross-border compliance. The relocation will not result in additional tax burdens and will enhance investor confidence, deepening ties with the mainland capital market

AASTOCKS

CHINA RES GAS plans to relocate its registration to Hong Kong

According to the Zhitong Finance APP, CHINA RES GAS announced that Mr. Zhang Shenwen has been appointed as a non-executive director and a member of the company's Audit and Risk Management Committee, effective from October 28, 2025

Zhitong

CHINA RES GAS: Zhang Shenwen appointed as non-executive director

XNGSY

02688

600635

01635

00931

00451

The Hong Kong stock gas sector continued to strengthen in the closing hours, with CHINA HK POWER rising over 50%, DZUG rising over 20%, and GCL NEWENERGY, CHINA RES GAS, and ENN ENERGY following suit

ENN Energy Holdings

ENN ENERGY

DZUG

CHINA HK POWER

GCL NEWENERGY

The Hong Kong stock gas sector continued to strengthen in the closing hours, with DZUG rising over 20%

00066

02925

01109

MTR Corporation stated that its shopping malls continue to enhance customer experience and will sign a contract tomorrow (30th) with the joint venture company of CHINA RES LAND and CHINA RES GAS to cooperate in a phased manner to significantly increase the installation of 300 electric vehicle charging stations in multiple shopping malls, in response to the growing demand from customers. MTR Corporation indicated that at that time, the Director of Property and International Business, Deng Zhihui, Chairman of CHINA RES LAND, Zhang Wei, Chairman of CHINA RES GAS, Yang Ping, and other representatives from both sides will attend the signing ceremony

MTR CORPORATION

WANJIAGROUP RTS

CHINA RES LAND

MTR Corporation signs a contract with CHINA RES LAND to jointly add 300 electric vehicle charging stations

MBCRGAS@EC2609A(26939.HK)

Morning Trend | CHINA RES GAS main force on the sidelines, can it hold 20.80 yuan during the session?

China Resources Gas Completes RMB1 Billion First Tranche Medium-Term Note Issuance in China

Morning Trend | CHINA RES GAS waits for policy changes, where are the signals for sector rebound hidden?

Tianjin Jinran Public Utilities Co. Ltd. Announces Date for Extraordinary General Meeting

Morning Trend | CHINA RES GAS consolidates at a high level, with increasing divergence among main forces affecting market direction