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China Shenhua Energy Company Limited's (HKG:1088) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Most readers would already be aware that China Shenhua Energy's (HKG:1088) stock increased significantly by 12% over the past three months. We wonder if and what role the company's financials play i
Changes in Hong Kong stocks | Yankuang Energy (01171) rose more than 4%, leading the way, coal stocks, and coal companies reported poor quarterly reports, and subsequent quarterly results may improve sequentially
Coal stocks rose collectively. As of press release, Yankuang Energy (01171) rose 4.48% to HK$17.24; China Coal Energy (01898) rose 3.63% to HK$7.99; China Shenhua (01088) rose 3.27% to HK$33.2; and Yankuang Australia (03668) rose 1.25% to HK$28.4.
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
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.
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
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...
中國神華：2024年第一季度報告
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.
Guojin Securities: Demand for electricity is strong, thermal power still has an opportunity to tighten coking coal supply, and there is a gap between supply and demand
The economy continues to improve, and superimposed computing power is rising, and demand for electricity is strong, and there are still opportunities; demand for steel is resilient, there is a gap between supply and demand in anticipation of tightening coking coal supply, and there is some room to replenish stocks with low superposition bifocal inventories.
China Shenhua Energy's Controlling Shareholder Boosts Stakeholding
China Shenhua Energy's (SHA:601088, HKG:1088) controlling shareholder, China Energy Investment, has bought around an additional 11.6 million shares in the company, a Friday filing on the Hong Kong bou
China Shenhua (01088.HK): Capital Holdings increased its total A-share holdings by 11.5935 million through centralized bidding
Gelonghui, April 19, 丨 China Shenhua (01088.HK) announced that from October 20, 2023 to April 19, 2024, Capital Holdings increased its holdings of the company's 11.5935 million A-shares through centralized bidding through the Shanghai Stock Exchange trading system, accounting for 0.0584% of the company's total issued shares. The increase amount was approximately RMB 365.279 million (excluding commissions and transaction taxes), accounting for 73.1% of the minimum amount of RMB 500 million of the current increase plan. In the future, Capital Holdings will continue to take the opportunity to increase its shares in the company in accordance with this holdings increase plan. Intercept
Great Wall Securities: Non-electricity demand continues to recover, and coal price trends begin to diverge
The Zhitong Finance App learned that the current fundamentals of thermal coal demand have maintained steady operation, supported by demand for electricity and coal. Non-electricity demand, especially chemical demand, continues to recover. The coal price trend has begun to diverge, and prices in production areas have begun to rise tentatively, leading to a slight rebound in port prices. Also, it is worth noting that the water storage level in the Three Gorges has dropped to the same period last year, and there is still uncertainty about hydropower output this year. Meanwhile, on the supply side, coal production in Jinshan, Shaanxi, and Mongolia is expected to shrink this year. Stable production and safety will be the main production tone, while the year-on-year decline in average daily raw coal production in March is in line with the judgment that the growth rate of supply will be lower than the growth rate of demand, according to
Debon Securities: Coal supply declined in March, focus on the pace of subsequent economic recovery
Steady economic recovery and large-scale equipment upgrades are expected to support coal demand.
Coal stocks are replicating the “black gold” market. How long can high dividend strategies stay popular?
What exactly is the reason behind the continued popularity of the coal sector?
Anxin International: Short-term or current signs of stable coal prices are still optimistic about high dividends
The Zhitong Finance App learned that Anxin International released a research report saying that as we enter the low season, thermal coal prices have weakened, but there have been signs of stabilization in the past two days. Overall port inventories are low. Coupled with a sharp drop in coal production in Q1 this year, it is expected that coal imports may decrease in April, so it is not ruled out that coal prices will rebound slightly before summer begins. Looking at the medium to long term, we are still optimistic about coal companies' high dividend performance at relatively high coal prices this year. It is recommended to focus on Yancoal Australia (03668), Yankuang Energy (01171), China Shenhua (01088), and Shougang Resources (00639). Anxin International
Beishui Trends | Beishui Trading's net purchase of 9.887 billion yuan of domestic capital continues to grab the Chinese title Yingfu Fund (02800) is once again popular
The Zhitong Finance App learned that on April 16, the Hong Kong Stock Exchange had a net purchase of HK$9.877 billion, of which the Hong Kong Stock Connect (Shanghai) transaction made a net purchase of HK$5.624 billion and the Hong Kong Stock Connect (Shenzhen) transaction made a net purchase of HK$4.253 billion. The individual stocks that Beishui Net bought the most were Yingfu Fund (02800), Tencent (00700), and CNPC (00857). The most sold individual stock by Beishui Net was the Hong Kong Stock Exchange (00388). Hong Kong Stock Connect (Shanghai) active trading shares Hong Kong Stock Connect (Shenzhen) active trading stock Yingfu Fund (02800) received a net purchase of HK$2,678 billion. According to the news, Zhejiang Shang International
Anxin International: Thermal coal prices are showing signs of short-term or stabilizing, and we are still optimistic about the high dividend performance of Hong Kong coal companies in the medium to long term
The Zhitong Finance App learned that Anxin International released a research report indicating that as we enter the low season, thermal coal prices have weakened, but there have been signs of stabilization in the past two days. Overall port inventories are low. Coupled with a sharp drop in coal production in Q1 this year, it is expected that coal imports may decrease in April, so it is not ruled out that coal prices will rebound slightly before summer begins. Looking at the medium to long term, we are still optimistic about coal companies' high dividend performance at relatively high coal prices this year. It is recommended to focus on Yancoal Australia (03668), Yankuang Energy (01171), China Shenhua (01088), and Shougang Resources (00639). Anxin International Master
Hong Kong Stock Concept Tracking | Coking coal prices may be more optimistic at the end of the price reversal (with concept stocks)
Currently, coke stocks in coking plants, steel mills, and ports are at their lowest level since 2010
Shenhua Energy Logs Rise in Coal Sales, Output in March
China Shenhua Energy (HKG:1088, SHA:601088) sold 40 million tons of commercial coal in March, up 2% from the year-ago period, according to a Monday filing on the Hong Kong bourse. Commercial coal prod
China Shenhua (01088.HK)'s coal sales volume of 40 million tons in March increased 2.0% year-on-year
Gelonghui, April 15, 丨 China Shenhua (01088.HK) released the main operating data for March 2024. Commercial coal production for the month was 28.2 million tons, up 3.3% year on year; coal sales volume was 40 million tons, up 2.0% year on year.
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