Morgan Stanley lowered the earnings forecast for Kunlun Energy (00135) by 4%-6% for 2024-2026.
According to the Zhongtong Finance and Economics app, Morgan Stanley released a research report stating that the earnings forecast for each share of Kunlun Energy (00135) for 2024-2026 has been lowered by 4%-6%, due to the bank reducing its expectations for the US dollar net profit rate, while increasing the profit forecast for the company's liquefied petroleum gas and liquefied natural gas related businesses, cutting the target price by 5.49% from HK$9.1 to HK$8.6, and maintaining a 'synchronized with the market' rating.