＜Research＞BOCI:CHINA SHENHUA (01088.HK) 1H24 Earnings Guidance Broadly in Line with Forecasts

AASTOCKS

2024-07-10 10:23

BOCI released a research report expecting that CHINA SHENHUA (01088.HK)'s 1H24 earnings under IFRS will be RMB31.8 billion to RMB33.8 billion, dow...

　　BOCI released a research report expecting that CHINA SHENHUA (01088.HK) -1.600 (-4.402%) Short selling $113.22M; Ratio 20.608% 's 1H24 earnings under IFRS will be RMB31.8 billion to RMB33.8 billion, down 8.4-13.8% YoY.

　　The Company attributed the drop in earnings to lower average selling price of coal and lower utilization hours of coal-fired power generation units.

　　The Company's guided earnings for 1H24 reached 51.3-54.6% of its full-year earnings forecast, which was broadly in line with expectations, BOCI added. Therefore, BOCI reiterated rating at Buy on CHINA SHENHUA, with a target price of $42.12.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-09 16:25.)

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