[ET Net News Agency, 26 August 2021] HSBC Global Research raised its target price for
Kunlun Energy (00135) to HK$7.6 from HK$7 and maintained its "hold" rating.
The research house said given its estimates for stable ROEs of about 9% for 2022e and
2023e, it thinks a slight discount to book value is a fair target multiple. (RC)