UBS: Target price of HK$28.5 for China's Shenhua “neutral” rating

UBS released a research report stating that it gave China Shenhua (01088) a “neutral” rating. Shenhua's prospects and performance guidelines have not changed, and investors are still expected to respond positively to the company's first quarter results. Although the results for the first quarter of this year were mainly due to preferential tax rates, compared with other coal mining peers, I believe the market will be optimistic about the resilience of its profits. The target price is HK$28.5. According to the report, the company's performance for the first quarter of 2024 reached 29% of the market's consistent full-year forecast, while also reaching 31% of the bank's full-year profit forecast. Shenhua's profit for the first quarter beat expectations. The bank explained that it was mainly due to tax performance. At the same time there are

新浪港股03:57 ET

Gelonghui Announcement Selected (Hong Kong Stock) | Air China (00753.HK) plans to purchase 100 C919 aircraft for approximately US$10.80 billion

[Today's Focus] Air China (00753.HK) announced that it plans to purchase 100 C919 aircraft for about US$10.80 billion, Air China (00753.HK) announced that on April 26, 2024, the company and COMAC signed a COMAC aircraft purchase agreement. Based on this, the company agreed to purchase COMAC aircraft from COMAC. The aircraft to be purchased are 100 C919 aircraft (extended-range type). According to the latest catalogue price provided by COMAC, the total basic price of COMAC's aircraft to be purchased by the company is approximately US$10.80 billion. This transaction is in line with the company's development plans and market needs.

Gelonghui FinanceApr 26 11:12 ET

Coal stocks fell in Q1, China Shenhua's revenue increased slightly, and profit fell 14% year on year | Financial News

The first quarter results of coal stocks were poor, and China's Shenhua, the “leading coal and electricity company,” was no exception. Profits fell 14% in the first quarter. On Friday, China's Shenhua released its financial report for the first quarter of 2024. The financial report showed that China Shenhua achieved revenue of 87.647 billion yuan, a slight increase of 0.7% year on year; current profit attributable to the company's owners was 17.760 billion yuan, down 14.1% year on year, mainly due to falling coal prices; and net cash inflow from operating activities was 28.553 billion yuan, a slight year-on-year decline. Judging from the main operating indicators, in the first quarter of 2024, China Shenhua produced 81.3 million commercial coal

wallstreetcnApr 26 09:36 ET

China Shenhua (01088) announced first-quarter results, net profit of 15.884 billion yuan, a year-on-year decrease of 14.7%

China Shenhua (01088) announced results for the first quarter of 2024. The group achieved operating income of 876.4 during the period...

Zhitong FinanceApr 26 06:09 ET

中國神華：2024年第一季度報告

Futu NewsApr 26 06:04 ET · Announcements

Debon Securities: 24Q1 coal industry fund holdings increased slightly month-on-month, low allocations expanded month-on-month

In Q1 2024, the coal industry had excellent market performance, outperforming the Shanghai Composite Index by a large margin. It had both excess and absolute returns, and ranked third in the growth rate of Shenwan's Tier 1 industry.

Zhitong FinanceApr 25 02:38 ET