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Kunlun Energy Announces Disposal of Tianjin Compression Co. Equity Interests

Story Highlights
  • Kunlun Energy operates in the natural gas sector, listed on the Hong Kong Stock Exchange.
  • Kunlun Energy expects a gain from the disposal of Tianjin Compression Co. equity interests.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kunlun Energy Announces Disposal of Tianjin Compression Co. Equity Interests

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KUNLUN ENERGY ( (HK:0135) ) just unveiled an update.

Kunlun Energy Company Limited announced the disposal of equity interests in Tianjin Compression Co., expecting a gain of approximately RMB1.55 million before tax and transaction costs. The disposal is based on a valuation conducted by an independent valuer, with no material changes noted since the valuation date. This move is part of the company’s strategic financial management, potentially impacting its financial position and offering insights into its operational adjustments.

The most recent analyst rating on (HK:0135) stock is a Buy with a HK$8.80 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 energy sector, focusing on the production and distribution of natural gas and related energy services. The company is listed on the Hong Kong Stock Exchange under the stock code 00135.HK.

Average Trading Volume: 13,754,528

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$66.67B

Learn more about 0135 stock on TipRanks’ Stock Analysis page.

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