The Zhitong Finance App learned that UBS released a research report stating that it lowered the profit forecast for Kunlun Energy (00135) by 4% to 6% from this year to 2026 to reflect the bank's lowered sales volume forecast for the exploration and mining department. The target price was raised from HK$8.9 to HK$9.4 to reflect the decline in capital expenditure expectations and maintain the “buy” rating.

The bank indicated that the company's annual dividend payout was RMB 0.28 per share, with a dividend ratio of 43%, and raised the target dividend ratio for 2025 by 10 percentage points to 45%. It also indicates a 10% year-on-year increase in natural gas retail sales this year. Among them, liquefied natural gas sales decreased by 300,000 tons to 5.5 million tons year on year, the utilization rate of liquefied natural gas stations remained flat to 90% year on year, liquefied natural gas processing volume increased 7% year on year, and capital expenditure fell from 6.4 billion yuan last year to 5.3 billion yuan predicted this year.