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China Shenhua Energy Upgraded to Neutral From Sell at Goldman Sachs
China Shenhua Energy's Chairman Steps Down
CICC: Raises China Shenhua Energy's Target Price to HKD 36, maintains "outperform industry" rating.
China International Capital Corporation released a research report stating that it has raised the Target Price for China Shenhua Energy (01088, 601088.SH) H shares by 43% to 36 Hong Kong dollars, and also raised the Target Price for A shares by 29%, both maintaining an "outperform the Industry" rating. The report indicated that the company’s net profit attributable to parent for H shares in 2024 will be 62.4 billion yuan, a decrease of 3.4% year-on-year. The performance exceeded market expectations, mainly due to the company’s enhancements in efficiency and cost control, as well as a reduction in losses year-on-year. The company plans to distribute a year-end dividend of 2.26 yuan per share (tax included) for 202, corresponding to a payout ratio of 76.5%, with the dividend amount remaining the same as last year, outperforming market expectations. Considering that
CICC: Raises the Target Price of China Shenhua Energy (01088) to 36 HKD, maintaining the "Outperform Industry" rating.
CICC is Bullish on the company's integrated advantages in the Coal Industry Chain, which are expected to be further consolidated.
Hong Kong stock Concept tracking | Coal prices may have fully accounted for pessimistic expectations. Institutions are bullish on the positive trend in April (including Concept stocks).
GTJA Securities Research expects that both coal prices and demand will reach a mid-term bottom in March. In April, as imported coal volumes decline and non-electric coal demand rises, the fundamentals are expected to enter an upward trajectory.
Analysts Have Conflicting Sentiments on These Energy Companies: China Shenhua Energy Co (OtherCUAEF) and Riley Exploration Permian (REPX)
