- Kunlun Energy's core net profit attributable to shareholders decreased by -18.5% YoY to RMB2,625 million, due to the weak performance of its exploration & production and LNG processing & terminals businesses.
- If Kunlun Energy sells certain assets at a premium to book value, this could be a positive re-rating catalyst for the stock, as Kunlun Energy is trading below book value.
- Kunlun Energy trades at 5.9 times consensus forward FY 2021 P/E and 0.80 times P/B, and it offers a consensus forward FY 2021 dividend yield of 6.3%.
For further details see:
Kunlun Energy: H1 2020 Disappoints But Event-Driven Catalyst Still Intact