China's Natural Gas Demand Forecast: BofA Securities predicts China's natural gas demand growth will slow to 2-3% annually from 2025-27, down from a 9% CAGR over the past decade, due to coal being more economical and weak industrial demand.
PETROCHINA Rating and Target Price: BofA maintains a Buy rating on PETROCHINA, raising its target price by 12% to HKD9.5, citing stable natural gas prices and reduced losses on imports as oil prices decline.
KUNLUN ENERGY Rating Downgrade: BofA downgraded KUNLUN ENERGY from Neutral to Underperform, as the company relies heavily on industrial customers, who may require price cuts to remain competitive.
KUNLUN ENERGY Target Price Adjustment: The target price for KUNLUN ENERGY was lowered by 16% to HKD7, reflecting the need to adjust pricing strategies amidst unchanged costs.
Wall Street analysts forecast 00135 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00135 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00135 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00135 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 7.400
Low
Averages
High
Current: 7.400
Low
Averages
High
BofA Securities
BofA Securities
maintain
Al Analysis
2025-11-12
Reason
BofA Securities
BofA Securities
Price Target
Al Analysis
2025-11-12
maintain
Reason
The analyst rating for PETROCHINA was maintained as a Buy due to the relatively stable average selling price of natural gas and the narrowing losses on imported natural gas as oil prices decline. Additionally, the target price for PETROCHINA was raised by 12% to HKD9.5.
In contrast, KUNLUN ENERGY was downgraded from Neutral to Underperform because industrial customers, who account for 75% of the company's retail natural gas sales, are likely to be more price-sensitive. With costs remaining almost unchanged, KUNLUN ENERGY will need to cut prices to maintain customer appeal, leading to a lowered target price of HKD7.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
