[ET Net News Agency, 25 August 2021] Credit Suisse raised its target price for Kunlun
Energy (00135) to HK$9.5 from HK$9.4 and maintained its "outperform" rating.
The research house said downside risks include (1) a weaker-than-expected gas
consumption growth in China; and (2) a much slower switch to liquefied natural gas (LNG)
from traditional fuel transportation amid current lower oil price environment, which leads
to lower-than-expected utilisation rate in Kunlun's LNG terminals. (RC)