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<Research>M Stanley Mildly Cuts KUNLUN ENERGY's TP to HKD8.9 w/ Rating Overweight
According to Morgan Stanley's research report, the broker has revised downward its earnings forecasts for KUNLUN ENERGY (00135.HK) based on its 2024 results to reflect a more c...
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<Research>M Stanley Mildly Cuts KUNLUN ENERGY's TP to HKD8.9 w/ Rating Overweight
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According to Morgan Stanley's research report, the broker has revised downward its earnings forecasts for KUNLUN ENERGY (00135.HK)  -0.060 (-0.754%)    Short selling $7.55M; Ratio 11.488%   based on its 2024 results to reflect a more conservative view on industry growth and a reduced prediction for natural gas production growth.

Considering the mounting market concerns about the macroeconomic environment, Morgan Stanley estimated that KUNLUN ENERGY's defensive nature would be more valued by the market, leading to a mild premium in valuation. Consequently, the broker cut its target price from HKD9.1 to HKD8.9, with an Overweight rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-06 16:25.)

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