Bank of America Securities: Kunlun Energy (00135.HK) slightly below expectations in interim results, lowering target price to 8.3 Hong Kong dollars, reiterating "neutral" rating.

Zhitong Financial APP learned that Bank of America Securities released a research report stating that it has lowered its full-year retail gas volume growth forecast for Kunlun Energy (00135.HK) from the original 8% to 5%, and also lowered its natural gas profit forecast for the period. The after-tax net profit forecast for the fiscal years 2025 to 2027 was lowered by 6% to 7%, lowering the target price from 8.7 Hong Kong dollars to 8.3 Hong Kong dollars, reiterating a "neutral" rating due to limited growth potential.