The Tai Po plant of Towngas. The piped-gas distributor disappointed investors with its earnings for 2021. Photo: Martin Chan
Towngas slumps 15 per cent after earnings miss, suspension of bonus shares
  • Towngas posted a 16.5 per cent drop in net profit to HK$5.01 billion (US$640 million) last year, 36 per cent lower than analysts’ estimates of HK$7.8 billion
  • Citi and Daiwa analysts slash target prices on Towngas stock citing dimmer profit outlook
22 Mar 2022 - 4:29PM