Gelonghui, September 21, 丨 United Energy Group (0467.HK) rose more than 5% to HK$1.03, with a total market capitalization of HK$27.1 billion. CMB International published a research report last week stating that it gave United Energy its first purchase rating and target price of HK$1.7. The company has acquired high-quality assets through strategic acquisitions over the past ten years. Among them, the B9 block in Iraq will be the main source of profit growth in the next few years. According to the report, the company's profit performance over the past nine years has been good. Thanks to excellent cost control, effective resource development and prudent financial planning, we believe these characteristics will help the company develop in the long term. The profit for the first half of this year was HK$959 million, exceeding the level for the full year of 2020. Net profit is expected to grow at an average annual compound annual rate of 44% in 2020-23.