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00135 KUNLUN ENERGY
RTNominal down7.080 -0.170 (-2.345%)
Research Report

22/07/2021 16:51

{I-bank focus}HSBC lowers Kunlun Energy (00135) to HK$7

[ET Net News Agency, 22 July 2021] HSBC Global Research lowered its target price for
Kunlun Energy (00135) to HK$7 from HK$9.77 and maintained its "hold" rating.
The research house said it retains the "hold" rating as fundamentals appear balanced
with mainland China gas demand strong while the consensus forecast for 2022e and 2023e and
target price look too optimistic. (RC)

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