- Kunlun Energy reported a net income of 3.31 billion yuan for the first half of 2024.
- The company achieved a total revenue of 92.92 billion yuan during this period.
- Natural Gas contributed significantly to revenue with 75.51 billion yuan.
- LPG Sales generated 12.89 billion yuan in revenue.
- LNG processing and terminal services brought in 4.44 billion yuan.
- Exploration and production activities provided a revenue of 88 million yuan.
- Analyst recommendations: 15 buys, 4 holds, and 0 sells.
Kunlun Energy on Smartkarma
Analyst coverage of Kunlun Energy on Smartkarma by Osbert Tang, CFA, in the research report titled “Kunlun Energy (135 HK): Delivering Resilience” highlights a mixed performance for the company. Despite a 2.2% drop in core earnings in FY23 due to the expiration of oilfield projects, other segments of Kunlun Energy have shown strong performance. Looking ahead to FY24, a positive outlook is expected with the addition of more city gas projects, higher LNG plant utilization, and an improved gas pricing mechanism. Kunlun Energy‘s net cash reserves provide room for a potential increase in dividend payouts, making it an attractive proposition for investors.
The research report leans towards a bullish sentiment, noting the potential for Kunlun Energy to be re-included in the HSI. With the company’s resilience in the face of challenges and strategic growth initiatives in the pipeline, Kunlun Energy presents an opportunity for growth and value creation. Investors may find confidence in Kunlun Energy‘s ability to navigate market dynamics and capitalize on upcoming opportunities in the energy sector, making it a stock to watch in the coming months.
A look at Kunlun Energy Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 3 | |
Growth | 3 | |
Resilience | 4 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing Smartkarma Smart Scores have assessed Kunlun Energy‘s long-term outlook, indicating an overall positive sentiment for the company. With respectable scores in key factors such as Value, Dividend, and Growth each rated at 3, Kunlun Energy demonstrates a stable financial standing alongside potential for growth. Additionally, the company’s high scores in Resilience and Momentum, rated at 4, point towards a strong ability to weather market fluctuations and maintain positive momentum in the future.
As a company primarily focused on exploring and producing crude oil and natural gas in China, Kunlun Energy Company Ltd stands to benefit from its solid performance across various critical criteria. Investors and stakeholders may find confidence in the company’s balanced outlook, indicating a mix of stability, growth potential, and resilience in the face of market dynamics and industry challenges.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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