bullish

Kunlun Energy

Kunlun Energy (135 HK): Very Favourable Valuation for Pipeline and Dalian LNG Disposals

801 Views23 Dec 2020 08:27
Kunlun secured a very good deal of 1.9x P/B for the disposal of its interest in Beijing pipeline and Dalian LNG. It will payout 50% of proceeds at dividend, or a 40.5% yield. We value it at HK$10.58.
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