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KUNLUN ENERGY
(0135)
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Rating:65Neutral
Price Target:
HK$7.00
▼(-1.55% Downside)
Action:Downgraded
Date:05/03/26
Overall score reflects solid financial stability (improving leverage and strong free cash flow) tempered by notable recent margin compression and slightly weaker revenue. Technical indicators are neutral-to-soft, while valuation (moderate P/E and ~4.5% yield) provides support.
Positive Factors
Cash generation
Consistently strong operating cash flow (~13.1B) and improved free cash flow (~7.4B in 2025) create durable internal funding for maintenance, targeted capex, dividends and debt reduction. Positive FCF across periods supports resilience through commodity cycles and regulatory lag.
Negative Factors
Margin compression
Sharp gross margin decline and low net margin reflect materially squeezed procurement-to-sale spreads. Sustained margin compression erodes retained earnings and operating leverage, limiting reinvestment capacity and raising the risk that cost or pricing dynamics will constrain long-term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistently strong operating cash flow (~13.1B) and improved free cash flow (~7.4B in 2025) create durable internal funding for maintenance, targeted capex, dividends and debt reduction. Positive FCF across periods supports resilience through commodity cycles and regulatory lag.
Read all positive factors
KUNLUN ENERGY (0135) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$55.54B
Dividend Yield4.58%
Average Volume (3M)15.12M
Price to Earnings (P/E)9.0
Beta (1Y)0.46
Revenue Growth3.72%
EPS Growth-10.43%
CountryHK
Employees22,331
SectorEnergy
Sector Strength52
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.62
Shares Outstanding8,637,716,000
10 Day Avg. Volume15,166,776
30 Day Avg. Volume15,121,581
Financial Highlights & Ratios
PEG Ratio-0.85
Price to Book (P/B)0.85
Price to Sales (P/S)0.31
P/FCF Ratio7.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.69
Revenue Forecast (FY)HK$205.12B
KUNLUN ENERGY Business Overview & Revenue Model
Company Description
Kunlun Energy Company Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in the Republic of Kazakhstan, the Sultanate of Oman, and the Kingdom of Thailand. The company...
How the Company Makes Money
Kunlun Energy makes money primarily by selling natural gas and related services across its downstream and midstream-linked operations. (1) City-gas distribution and retail: The company generates revenue by purchasing natural gas from upstream supp...
KUNLUN ENERGY Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
72
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 188.96B | 187.05B | 177.35B | 171.94B | 138.55B |
| Gross Profit | 13.44B | 25.38B | 26.26B | 20.98B | 18.03B |
| EBITDA | 14.84B | 16.45B | 18.55B | 17.18B | 15.98B |
| Net Income | 5.21B | 5.96B | 5.68B | 5.23B | 23.02B |
Balance Sheet | |||||
| Total Assets | 144.18B | 143.39B | 143.52B | 138.89B | 132.58B |
| Cash, Cash Equivalents and Short-Term Investments | 44.63B | 45.09B | 45.59B | 39.48B | 28.49B |
| Total Debt | 21.43B | 24.28B | 25.20B | 25.85B | 25.18B |
| Total Liabilities | 51.86B | 54.55B | 57.74B | 58.19B | 56.72B |
| Stockholders Equity | 67.79B | 65.15B | 63.45B | 59.91B | 56.27B |
Cash Flow | |||||
| Free Cash Flow | 7.40B | 6.42B | 9.23B | 9.15B | 4.14B |
| Operating Cash Flow | 13.13B | 12.51B | 14.41B | 14.87B | 12.00B |
| Investing Cash Flow | -1.21B | -3.49B | -1.06B | -18.45B | 25.60B |
| Financing Cash Flow | -8.60B | -8.59B | -6.04B | -4.92B | -25.72B |
KUNLUN ENERGY Technical Analysis
Negative
7.11
Price Trends
7.14
Negative
7.51
Negative
7.33
Negative
Market Momentum
-0.19
Positive
28.66
Positive
14.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0135, the sentiment is Negative. The current price of 7.11 is above the 20-day moving average (MA) of 6.85, below the 50-day MA of 7.14, and below the 200-day MA of 7.33, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 28.66 is Positive, neither overbought nor oversold. The STOCH value of 14.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0135.
KUNLUN ENERGY Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | HK$55.54B | 8.97 | 7.88% | 4.58% | 3.72% | -10.43% | |
49 Neutral | HK$585.87M | -14.42 | 4.05% | ― | -14.14% | -59.17% | |
47 Neutral | HK$160.08M | -5.57 | -24.82% | ― | ― | ― | |
45 Neutral | HK$28.32B | -33.14 | -3.91% | 1.65% | -13.85% | -626.58% | |
43 Neutral | HK$960.43M | -0.04 | 153.66% | ― | -14.95% | -932.70% | |
42 Neutral | HK$85.09M | -0.47 | 167.10% | ― | -23.24% | 91.43% |
* Energy Sector Average
HK:0135
KUNLUN ENERGY
6.43
-0.83
-11.38%
HK:0603
China Oil & Gas Group
0.12
-0.04
-22.98%
HK:0338
Sinopec Shanghai Petrochemical Co
1.09
-0.18
-14.17%
HK:1142
E&P Global Holdings Limited
0.08
-3.40
-97.82%
HK:0332
Yuan Heng Gas Holdings Ltd
0.01
>-0.01
-40.91%
HK:8270
China CBM Group Co. Ltd.
0.41
0.09
28.12%
KUNLUN ENERGY Corporate Events
Kunlun Energy Sets Final 2025 Dividend and Updates Currency Election Deadline
May 28, 2026
Kunlun Energy Company Limited has declared a final ordinary dividend of RMB 0.1498 per share for the financial year ended 31 December 2025, with shareholder approval granted on 28 May 2026. The dividend will be paid primarily in Hong Kong dollars ...
Kunlun Energy Wins Strong Shareholder Backing for Dividend and Capital Mandates
May 28, 2026
Kunlun Energy shareholders approved all resolutions at the 28 May 2026 annual general meeting in Hong Kong, including adoption of the 2025 audited accounts and a final dividend of RMB14.98 cents per share. Investors also backed the re-election of ...
Kunlun Energy Sets AGM to Approve Dividend, Board Mandates and Expanded Share Issuance Authority
Apr 30, 2026
Kunlun Energy has called an annual general meeting for 28 May 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and vote on a proposed final dividend of RMB14.98 cents per share....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.