No Data
BOCOM INTL: Maintains KUNLUN ENERGY "Buy" rating, Target Price lowered to HKD 9.08.
BOCOM INTL released a research report stating that it maintains a "Buy" rating for KUNLUN ENERGY (00135), while reducing the company's core profit forecasts for 2024-26 by 5.4%/2.9%/3.6%, and also lowering the Target Price to HKD 9.08. Regarding the dividend policy, the company management stated last year that the full-year dividend target for 2024 would be consistent with the interim dividend payout ratio of 43%, and would further increase to 45% in 2025, with dividend yields for 2024/25 being 4.4%/5.1%, which still has a certain attraction. The firm indicated that it is adjusting KUNLUN ENERGY's profit forecasts and valuations. The firm believes that the mainland.
BOCOM INTL: Maintains KUNLUN ENERGY (00135) "Buy" rating, Target Price lowered to 9.08 HKD.
BOCOM INTL has lowered KUNLUN ENERGY's core earnings forecast for 2024-26 by 5.4%/2.9%/3.6%.
[Brokerage Focus] BOCOM INTL lowers KUNLUN ENERGY (00135) Target Price by 2.9%, expects its retail gas sales to grow by 8.6% year-on-year last year.
Golden Finance News | BOCOM INTL released a Research Report indicating that due to a milder winter starting in the fourth quarter of 2024, natural gas demand in the mainland is expected to decline year-on-year in November 2024. The bank also lowered its forecast for industrial and residential gas usage. It stated that KUNLUN ENERGY (00135) will begin resource restructuring of its gas station business with its parent company in 2024, and the bank estimates that the company will still transfer the operation rights in the second half of 2024. Therefore, there will still be approximately 0.5 billion cubic meters from gas station sales during this period. In summary, the bank estimates that the company’s retail gas sales will grow by 8.6% year-on-year for the entire year of 2024. Due to the situation in the mainland starting in November 2024.
Oil Prices Grow Amid OPEC+ Decision to Extend Cuts – ING
Oil: More Obstacles for Iranian Crude – ING
Oil Price Rises at the Start of the Year – Commerzbank
No Data
