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<Research>M Stanley Rates CHINA SHENHUA as Overweight, Expects Coal Prices to Continue Rising in 2Q
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CHINA SHENHUA (01088.HK) recorded a net profit decline of 11% YoY and 23% QoQ in 1Q26, in line with market expectations, according to a report from Morgan Stanley. The report highlighted the continuous rally in coal prices since February this year, which reflected market expectations of reduced imports, geopolitical tensions in the Middle East, and improving domestic demand. Expecting power plants to begin restocking in May for the summer peak electricity demand season and coal prices to continue rising in 2Q26, Morgan Stanley maintained an Overweight rating on CHINA SHENHUA, with a target price of HKD53.6. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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