Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down4.640 -0.060 (-1.277%)

21/10/2019 09:48

{I-bank focus}Daiwa upgrades Kunlun Energy (00135) to "buy"

[ET Net News Agency, 21 October 2019] Daiwa Research lowered its target price for
Kunlun Energy (00135) to HK$7.8 from HK$9.6 but upgraded its rating to "buy" from
The research house said Kunlun's share price has dropped by 18% year-to-date on
potential pipeline spinoff at subpar valuation. Although the details on the pipeline
spinoff are not yet confirmed, Daiwa believes investors will start to focus on its
city-gas development.
Daiwa thinks the price correction is overdone as the current valuation reflects the
downstream gas business at only <1x PBR, a bargain compared with major gas distributors
with >3x PBR. Daiwa trimmed its 2019-21 EPS forecasts by 1-2% to reflect the higher
city-gate price. (KL)

Remark: Real time quote last updated: 08/04/2020 14:42
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.