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KUNLUN ENERGY COMP To Go Ex-Dividend On September 10th, 2024 With 0.23033 USD Dividend Per Share
US Total Crude Oil Stocks Decline in Week Ended Aug. 23
Daiwa Securities Downgrades Kunlun Energy to Hold From Underperform; Price Target Is HK$8.15
Citi: Reiterates "buy" rating on Kunlun Energy, target price raised to HK$9.
Citigroup's research report reiterates a 'buy' rating for Kunlun Energy (00135) to reflect the company's multiple growth drivers, with the target price increased from HKD 8.4 to HKD 9. Kunlun may benefit from its parent company's abundant natural gas pipeline supply, the parent company's support for its liquefied natural gas related business, the high utilization rate of liquefied natural gas receiving stations, and the robust demand for liquefied natural gas processing plants. In addition, the company's financial condition is strong, with net cash and dividend payout ratio expected to rise from 40% last year to 45% in 2025.
Hong Kong stocks fluctuate | Petroleum stocks generally fall, global oil market may face surplus, investment banks are lowering oil price forecasts.
Petroleum stocks, which have been strong recently, generally fell today. As of the time of publication, kunlun energy (00135) fell by 2.93%, to HK$7.63; Sinopec (00386) fell by 1.66%, to HK$5.34.
Major bank rating | Citigroup: Raises the target price of Kunlun Energy to HKD 9 and reiterates a "buy" rating.
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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151467742 : $YANZHOU COAL MININ (YZCAY.US)$ Dude, which coal futures market has the most influence?