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China Shenhua Completes Acquisition of Hangjin Energy
[Hong Kong Stock Connect] China Shenhua Energy (01088) rose by over 2% against the market trend. Institutions indicate that along with the industrial resumption after the Spring Festival, coal prices are expected to rise.
Goldwolf Financial News | China Shenhua Energy (01088) is rising against the trend, with an increase of 2.05% as of the time of writing, reported at 29.85 Hong Kong dollars, with a transaction amount of 0.157 billion Hong Kong dollars. Soochow's report points out that coal prices are currently mainly limited in their upward momentum due to weaker-than-expected demand and excessive inventory accumulation. In terms of future demand, on one hand, industrial production is expected to resume after the Spring Festival, and on the other hand, the short-term low temperature may lead to an increase in terminal demand, which may drive coal prices up. Everbright's report states that the market price for low calorific coal has dropped below the long-term contract prices, suggesting a potential halt in the short-term decline of coal prices. (1) As of February 21, CCTD CNI Bohai Index Thermal Coal 45.
Express News | China Coal Major Shenhua Energy Has Stopped Spot Purchases of Imported Coal - Sources
Fangzheng Securities: The investment value of the Coal Sector is becoming prominent, and the coal-electricity joint operation model is attracting attention.
Under the current environment of supply and demand, price levels, and expected stable improvement in Industry profits, the advantages of high dividend stocks in the Coal industry are gradually becoming significant.
Daiwa: China Shenhua Energy's coal production in 2024 is expected to increase by 0.8% year-on-year, rating 'outperform the market'.
Daiwa has published a Research Report stating that China Shenhua Energy (01088) is rated as "outperforming the market." The bank believes that, although China Shenhua Energy previously announced coal sales of 30.2 million tons in January, a year-on-year decrease of 21.6%, and coal production of 24.9 million tons, a year-on-year decrease of 8.5%, with electricity sales of 15.6 billion kilowatt-hours in January, a year-on-year decrease of 26.5%, the company expects stable year-on-year sales across its Business segments by 2025. Daiwa also stated that, although the company's management anticipates a 2% reduction in coal production for 2024, coal production in 2024 is expected to increase by 0.8% year-on-year. The bank mentioned that the production target is critical for the market.
Daiwa: China Shenhua Energy (01088) coal production in 2024 is expected to increase by 0.8% year-on-year with a rating of "outperforming the market."
The company expects that the sales of each Business department will remain stable year-on-year in 2025.
