Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from KUNLUN ENERGY ( (HK:0135) ).
Kunlun Energy announced that China City Natural Gas Investment Group Co., Ltd. (CCNG), in which Kunlun Energy holds a 49% stake, is in negotiations with Shandong Shengli Co., Ltd. for the potential sale of equity interests in two subsidiaries. CCNG may sell a 51% stake in Nantong Oil & Gas Co., Ltd. and a 40% stake in Qinghai China Oil Ganhe Industrial Park Gas Co., Ltd. to Shengli Share. The transactions, which involve share issuance and cash consideration, are not yet finalized and may not materialize.
The most recent analyst rating on (HK:0135) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on KUNLUN ENERGY stock, see the HK:0135 Stock Forecast page.
More about KUNLUN ENERGY
Kunlun Energy Company Limited, incorporated in Bermuda, operates in the natural gas industry. The company is primarily involved in investment holding and the gas business, focusing on the purchase and sale of natural gas and gas pipeline construction.
Average Trading Volume: 14,458,189
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$62.86B
See more insights into 0135 stock on TipRanks’ Stock Analysis page.