Macquarie lower Kunlun energy target price to 7.7 yuan outperform City rating-dingxiangwuyuetian

Macquarie: Kunlun energy down the target price to 7.7 yuan to outperform rating hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client sina finance App: Live on-line blogger to tutor Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future? Sina Hong Kong stocks launched "Hong Kong stocks are not attractive" big discussion, with a rational and constructive attitude, welcome to pay attention to Hong Kong stocks, people concerned about the capital market, together with Hong Kong stocks for advice and suggestions, and conspiracy of Hong Kong stock market tomorrow. Please to hkstock_biz@sina. Macquarie expects to reduce Kunlun’s energy (00135.HK) pipeline transportation costs by 10%, equivalent to 2017 to 2018 earnings per share expected to be reduced by 10%, the target price from 8.5 yuan down to 7.7 yuan, to maintain the "outperform" rating. The line pointed out that the reduction of pipeline transportation costs will reduce the average asset yield of the company’s pipeline business to 8%, in line with the views of the national development and reform commission. The company expects the company’s natural gas distribution business will increase 5% per year, the profit rate to 2020 level back in 2014. The bank also said that the performance of Kunlun in the past two years has proved to be a value trap, and is now in a special situation. In the next 6 to 12 months, the company has the opportunity to enhance the profitability of the situation, the expected 2017 EV EBITDA is 4.2 times, earnings ratio 8.9 times and the city account rate of 1 times, compared with the Hong Kong gas industry discount from 35% to 60%, so belong to the attraction level. Enter Sina Financial shares] discussion

麦格理:下调昆仑能源目标价至7.7元 跑赢大市评级 热点栏目 资金流向 千股千评 个股诊断 最新评级 模拟交易 客户端 新浪财经App:直播上线 博主一对一指导 新浪港股APP:实时行情 独家内参   港股还值不值得投资?出现了什么问题?未来出路在哪里?新浪港股发起“港股还有没有吸引力”大讨论,以理性、建设性的态度,欢迎关注港股、关注资本市场的人士,一起为港股建言献策,共谋港股市场的明天。来稿请至hkstock_biz@sina 。   麦格理将昆仑能源(00135.HK)管道运输费预期下调10%,相等于将2017至2018年的每股盈利预期下调10%,目标价由8.5元下调至7.7元,维持“跑赢大市”评级。   该行指出,管道运输费下调将令公司管道业务的平均资产收益率下降至8%,符合国家发改委之意见。该行预期公司天然气分销业务每年销量将提升5%,利润率至2020年回复2014年之水平。   该行又表示,昆仑过去两年的表现已证实为价值陷阱,目前正处于特殊情况。在未来6至12个月公司盈利有机会提升的情况下,预期2017年EV EBITDA为4.2倍、市盈率8.9倍及市账率1倍,较中港燃气同业折让35%至60%,故属于吸引水平。 进入【新浪财经股吧】讨论相关的主题文章: