Hong Kong & China Gas Co Ltd (3.xhkg)

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Hong Kong & China Gas Co Ltd (3.xhkg) Profile

The Hong Kong and China Gas Company Limited (Towngas) is primarily engaged in the production, distribution, marketing and sales of gas, water supply with headquarters in Hong Kong, China. Moreover, it engages in property development projects, owning a 15 per cent share in the International Finance Centre and a 50 per cent share in Grand Promenade, both in Hong Kong and the Grand Waterfront. The company is one of the oldest listed companies in the territory, with 2,495 employees as of 2020. The Hong Kong and China Gas Ltd. operates through four segments: Gas, Related Businesses, Water, New Energy, and Property. Furthermore, it manufactures and sells home appliances, kitchen furnishings, and household goods. The Hong Kong and China Gas and State Power Investment Corp (SPIC) are co-hosting the 1st international innovation competition, TERA-Award. The top prize will be US 1M and the possibility for application scenarios for winning projects. TERA-Award aims to help address global environmental issues and attain China's dual carbon goals to achieve carbon neutrality by 2060. The company’s market capitalisation was USD 27.98B as of November 2021 and is listed on the Hong Kong Stock Exchange.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
04:30-07:00
08:00-11:00
Mon
04:30-07:00
08:00-11:00
Tue
04:30-07:00
08:00-11:00
Wed
04:30-07:00
08:00-11:00
Thu
04:30-07:00
08:00-11:00
Sun
Closed
Sat
Closed

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 549

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