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China Shenhua Announces Major Operating Data for November 2024
Shenhua Energy's Coal Output, Sales Decline in November
In November, China Shenhua Energy (601088.SH) sold 38.3 million tons of Coal, a year-on-year decrease of 3.3%.
China Shenhua Energy (601088.SH) announced that the coal sales volume for November 2024 is 38.3 million tons...
Express News | China Shenhua Energy - Nov Commercial Coal Production 27.0 Mln Tonnes
Morgan Stanley: Maintains China Shenhua Energy 'Shareholding' rating, with the Target Price raised to 38 HKD.
Morgan Stanley has released a research report stating an 8.3% increase in the Target Price for China Shenhua Energy (01088) Listed in Hong Kong, from 35.1 HKD to 38 HKD, maintaining a "Shareholding" rating. Morgan Stanley has raised its forecast for China Shenhua's net profit in 2024 by 6.8%, mainly benefiting from aligning coal prices with the Qinhuangdao (QHD) coal spot price, which is set to rise to 732 RMB per ton, higher than the previous 710 RMB. It is expected that the average Qinhuangdao coal prices for 2025 and 2026 will be 710 and 680 RMB per ton, respectively, higher than the previous estimates of 680 and 660 RMB.
Morgan Stanley maintains a "Shareholding" rating for China Shenhua Energy (01088), with the Target Price raised to 38 Hong Kong dollars.
Morgan Stanley has raised its forecast for China Shenhua Energy's net profit in 2024 by 6.8%.
