China Bank International released a research report on September 14, 2009. China Bank International said that the first purchase rating and target price of United Energy (0467.HK) was HK $1.70. The company has acquired high-quality assets through strategic acquisitions over the past decade, of which Block B9 in Iraq will be the main source of profit growth in the coming years. According to the report, the company's profit performance in the past nine years has been good. Thanks to excellent cost control, effective resource development and prudent financial planning, we believe that these characteristics will contribute to the long-term development of the company. The profit in the first half of this year was HK $959 million, exceeding the level for the whole of 2020, and net profit in 2020-23 is expected to grow at an average annual compound rate of 44 per cent.