Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00135 KUNLUN ENERGY
RTNominal down5.360 -0.010 (-0.186%)
Others

15/06/2020 18:01

{I-bank focus}CS lowers Kunlun Energy (00135) to HK$8.5

[ET Net News Agency, 15 June 2020] Credit Suisse lowered its target price for Kunlun
Energy (00135) to HK$8.5 from HK$6.5 and maintained its "outperform" rating.
The research house said Kunlun's downstream gas sales volumes were robust year-to-date
despite the COVID-19 disruption, achieving +20% in 4-month which is significantly higher
than city-gas peers whose average 4-month volumes were -3%.
Apart from downstream gas, Kunlun's other segments have also witnessed notable
improvement in 2Q quarter-to-date. LNG Terminal utilisation has reached 75% of late and is
tracking higher than the 65-70% target for 2020. LNG Processing Plant utilisation has also
improved higher than 44% in 2019.
With a potential 2H catalyst in sight (PipeChina roll-out), Credit Suisse believes this
will trigger a round of re-rating and close the valuation gap versus peers. (KL)

Remark: Real time quote last updated: 21/09/2020 10:14
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.