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China Shenhua Energy Co. Releases Operational Update
China Shenhua (01088.HK) sold 38.7 million tons of coal in August.
On August 2024, China Shenhua Energy (01088.HK) announced that the coal production reached 27.8 million tons, with coal sales volume of 38.7 million tons, remaining unchanged compared to the previous year.
Express News | China Shenhua Energy - Aug Commercial Coal Production 27.8 Mln Tonnes
China Shenhua Energy Co. (CSUAY) Moves to Buy: Rationale Behind the Upgrade
BOCI Securities: Upgrades China's coal industry rating to "shareholding" with Yankuang Energy and China Shenhua Energy as top picks.
CICC released a research report stating that it has lowered the profit forecast for Chinese coal stocks and subsequently lowered the target price for stocks in this industry. However, the bank pointed out that after the recent decline in stock prices, most coal stocks seem attractive. The bank has upgraded its rating for the Chinese coal industry from "neutral" to "shareholding". Among them, Shougang Energy (00639) has been upgraded from "hold" to "buy", while Yankuang Energy (01171) and China Shenhua (01088) are top picks in the industry. The bank predicts that with coal inventory reaching its lowest level in nearly six months and the recovery in demand from non-electrical customers, the price of thermal coal in China will
China Shenhua Energy [01088] is now trading at HKD 29.95, with a decrease of 5.07%.
As of 13:51, China Shenhua Energy [01088] reported a price of 29.95 Hong Kong dollars, a decrease of 1.6 Hong Kong dollars or 5.07% compared to yesterday's closing price of 31.55 Hong Kong dollars. The trading volume was 417.5253 million Hong Kong dollars. The highest price today was 31 Hong Kong dollars, and the lowest price was 29.9 Hong Kong dollars. Based on yesterday's closing price, the 10-day average price was 36.27 Hong Kong dollars, and the 50-day average price was 32.75 Hong Kong dollars. The current PE ratio is 10.28 times, and the 14-day relative strength index is 73.91.
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