[ET Net News Agency, 20 February 2025] Daiwa lowered the target price for China Shenhua (01088) to HKD29.5 from HKD40 and downgraded the rating to "hold" from "outperform".
  The research house said against the backdrop of a bearish outlook for the coal price and stagnant production growth, the mid-term downward trend for earnings is likely to result in a gradual decline in dividends. (rc)