The Zhitong Finance App learned that Citibank released a research report stating that it raised the Hong Kong China Gas (00003.HK) investment rating from “neutral” to “buy”, and the target price was also raised by 9.3% from HK$7.9 to HK$8.2. The bank raised the gas company's rating in view of the better-than-expected performance in the advanced biofuels business, which drove its performance in the first half of the year to exceed expectations.

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