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大行评级|花旗:上调昆仑能源目标价至9港元 重申“买入”评级

Major bank rating | Citigroup: Raises the target price of Kunlun Energy to HKD 9 and reiterates a "buy" rating.

Gelonghui Finance ·  Aug 27 22:41

Citigroup released a report reaffirming its 'buy' rating on Kunlun Energy, reflecting the company's multiple growth drivers. The target price has also been raised from HKD 8.4 to HKD 9. The report indicates that Kunlun may benefit from its parent company's abundant natural gas supply through pipelines and its support for its liquefied natural gas-related business. It also highlights the high utilization rate of the LNG receiving terminal and the steady demand for LNG processing plants. In addition, the company's financial situation is robust, with net cash and a dividend payout ratio expected to increase from 40% last year to 45% in 2025.

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