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25049 UB-HSI @EC2411C (CALL)
RT Nominal up0.215 +0.001 (+0.467%)

03/07/2024 14:34

{I-bank focus}Daiwa raises China Shenhua (01088) to HKD40

[ET Net News Agency, 3 July 2024] Daiwa raised the target price for China Shenhua
(01088) to HKD40 from HKD28 and upgraded the rating to "outperform" from "hold".
The research house said it lifts full-year coal production assumption for Shenhua by
2-4% to 325/328/335mt while lifting ASP forecasts by 1% to CNY572/t for 2024-26. (rc)

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