Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal up13.540 +0.060 (+0.445%)
Research Report

15/04/2020 17:26

{I-bank focus}Morgan cuts China Shenhua (01088) to HK$19.77

[ET Net News Agency, 15 April 2020] Morgan Stanley lowered its target price for China
Shenhua Energy (01088) to HK$19.77 from HK$23.1 and maintained its "overweight" rating.
The research house said Shenhua's 2019 results missed on a cost spike in 4Q. But Morgan
still sees Shenhua as its relative preferred pick. This is supported by its strong balance
sheet which not only helps through coal price volatility but also provides visibility to
its dividends.
In addition, its commitment to a higher dividend is an added positive in the current
low-interest-rate environment. Morgan revised down its 2020/21 net profit estimates by
10%/12% respectively. (KL)

Remark: Real time quote last updated: 25/09/2020 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.