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<Research> UBS Rates CHINA SHENHUA (01088.HK) Neutral with TP at HKD48
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UBS published a research report stating that CHINA SHENHUA (01088.HK) announced its 1Q26 results after market close last Fri (24th). During the period, profit attributable to shareholders amounted to RMB11.885 billion, down 11.1% YoY, representing 22% of the banks and the markets full-year 2026 earnings forecasts, broadly in line with expectations. UBS noted that following the acquisition of China Energy and Western Energy assets, the Group significantly raised its 2026 operating targets. The target for commercial coal production was lifted by 55% to 513.4 million tonnes, coal sales were increased by 42% to 618.1 million tonnes, and power generation was raised by 29% to 288.1 billion kWh. The 2026 capital expenditure plan was also increased from RMB38 billion to RMB56 billion. The bank maintained a Neutral rating on CHINA SHENHUA with a target price of HKD48. (hc/u) 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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