Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01088 CHINA SHENHUA
RTNominal up13.540 +0.060 (+0.445%)
Research Report

12/05/2020 11:00

{I-bank focus}Daiwa trims China Shenhua (01088) to HK$13.5

[ET Net News Agency, 12 May 2020] Daiwa Research lowered its target price for China
Shenhua Energy (01088) to HK$13.5 from HK$16.8 and maintained its "hold" rating.
The research house said the thermal coal spot price has recently seen a significant
drop, with CCI5500 down 18% in the past two months, and Daiwa thinks it may stay weak in
the coming weeks.
Shenhua recorded a 22% drop in its 1Q earnings due to the COVID-19 impact and Daiwa
expects its 2Q earnings to still be under pressure with a further coal price drop.
However, Daiwa thinks these negatives may have largely been priced in as its share price
is down 17% year-to-date, while the downtrend in coal price also seems to be slowing down.
The research house cut its 2020-21 EPS forecasts by 16-18% on lower coal price
assumptions. (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.