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<Research> UBS: KUNLUN ENERGY (00135.HK) Guides Dividend Payout Ratio Not Less Than 50%, TP Raised to HKD10.7
UBS published a report stating that KUNLUN ENERGY (00135.HK) saw its core profit drop by 7% year-on-year to RMB5.92 billion last year, but the dividend payout ratio increased by 8 ...
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<Research> UBS: KUNLUN ENERGY (00135.HK) Guides Dividend Payout Ratio Not Less Than 50%, TP Raised to HKD10.7
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UBS published a report stating that KUNLUN ENERGY (00135.HK)  +0.080 (+1.114%)    Short selling $9.51M; Ratio 43.764%   saw its core profit drop by 7% year-on-year to RMB5.92 billion last year, but the dividend payout ratio increased by 8 percentage points year-on-year to 51%. The company has guided that the dividend payout ratio for 2026 to 2028 will not be less than 50%, and the annual total dividend will not be less than the 2025 level. In response to last year's performance, UBS lowered the company's EPS forecast for this year to 2028 by 3% to 5%, but raised the target price from HKD9.7 to HKD10.7, maintaining a "Buy" rating, which corresponds to a forecasted P/E ratio of 13x.

UBS noted that the company's retail natural gas sales grew by 2.3% last year, with industrial user sales still recording a 6.2% growth, although residential user sales fell by 4.4%. The utilization rate of LNG processing plants increased to 67.2%, with pre-tax profit doubling, and the utilization rate of LNG receiving stations also rose to 90.8%. The company expects retail natural gas sales to grow by about 3% this year, LPG sales volume to reach 5.8 million tons, and the utilization rate of LNG receiving stations is guided at 85% to 90%. (fc/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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