Bank of China International: Reiterates Kunlun Energy's (00135) “Buy” Rating Target Price Reduction to HK$8.59

The Zhitong Finance App learned that Bank of China International released a research report saying that the profit of Kunlun Energy (00135) for the first half of 2026 increased 5% year-on-year to 3.3 billion yuan, 5% higher than the bank's forecast, mainly due to the better-than-expected profit performance of the LPG sales and liquefied natural gas processing business. The bank anticipates that profits for the second half of 2026 will drop 19% compared to the first half of 2026 due to the company's usually higher costs in the second half of the year. BOCI reconfirmed its “buy” rating and lowered the target price to HK$8.59.