China Shenhua Energy 1088

Re: China Shenhua Energy 1088

Postby winston » Wed Apr 25, 2018 11:41 am

not vested

March 26, 2018

<Research Report>C Suisse: CHINA SHENHUA(01088.HK) Kept Outperform on In-line Results


Credit Suisse stated in its research report that CHINA SHENHUA(01088.HK)'s 2017 net profit jumped 92% year on year to RMB47.8 billion, in-line with its estimates, mainly propelled by strong coal prices.

DPS was 91 fen, equivalent to a payout ratio of 38%.

The broker maintained CHINA SHENHUA rated Outperform at the target price $23, given its resilient balance sheet, cash flow and dividend yield.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: China Shenhua Energy 1088

Postby winston » Mon Dec 28, 2020 3:23 pm

not vested

Oct 27, 2020

<Result Ann>CHINA SHENHUA (01088.HK) 1-3Q Net Profit RMB32.6B, Down 10%

CHINA SHENHUA (01088.HK) announced the results for the first three quarters ended September 2020.

The net profit amounted to RMB32.578 billion, down 10.1% yearly. EPS was RMB1.638.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: China Shenhua Energy 1088

Postby winston » Mon Dec 28, 2020 3:27 pm

not vested

Oct 14, 2020

<Research Report>BofAS: CN Fuel Coal Price Hike Expected to be Limited despite Purchase Halt from AUS

BofA Securities in its research report cited Chinese customs' notice to the state-owned utilities and steel mills that they are stopped from importing Australian thermal and coking coal, effective October 9.

The broker sees limited upside to thermal coal prices in China even after such ban materializes, mainly attributable to the inventory at key IPPs.

The price of coking coal may be underpinned in the near term.

The broker estimated 1% higher realized coal ASP will lead to 2%/ 3% 2020E earning growth for CHINA SHENHUA (01088.HK) and CHINA COAL (01898.HK).

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: China Shenhua Energy 1088

Postby winston » Mon Dec 28, 2020 3:35 pm

not vested

Oct 7, 2020

<Research Report>C Suisse: Top Picks CHINA SHENHUA, YANZHOU COAL for CN Coal Miners; Expects 4Q Coal Prices to Drift Higher

China is facing an ongoing coal shortage, where Shanxi province announced to step up safety checks further.

Credit Suisse expected the action to last until end-December 2020.

The broker foresaw surprise from 4Q20 coal prices. As the winter heating season draws near, downstream demand will keep trending up as well.

Sector top-picks CHINA SHENHUA (01088.HK) and YANZHOU COAL (01171.HK) were rated at Outperform, with respective targets of $18 and $7.5.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: China Shenhua Energy 1088

Postby winston » Tue Sep 20, 2022 3:10 pm

not vested

CHINA SHENHUA(1088)

Analysis:
China Shenhua is the leading vertically integrated coal company in China, with coal upstream, transportation in the middle and power generation and coal chemical downstream.

In terms of the coal business, the company produced 307 million tons of coal in 2021, accounting for 9% of the country`s total output.

Its recoverable reserve is 14.1 billion tons and the recoverable period is close to 50 years.

In terms of the power generation business, the company generated 166.5 billion kWh of electricity in 2021 and consumed 51 million tons of coal, accounting for 17% of the company`s coal output.

In terms of the chemical industry, the company`s chemical production capacity reaches 600,000 tons and polyethylene and polypropylene each have 300,000 tons.

We believe that China Shenhua`s positive factors are mainly in two aspects.

First, the company`s payout ratio will rise. Due to policy restrictions on developing new coal mines, we expect the company`s capital expenditures to remain low and the company`s high dividend rate policy to continue.

Second, the market ignores the importance of fossil energy in the energy transition, resulting in China Shenhua`s under-valuation, with a P/E ratio (last 12 months) of only 6.6x.

In fact, China`s demand for coal will continue to rise, and coal will be in short supply. We believe that China Shenhua is still very cheap, and investment opportunities in the short, medium, and long term still exist.

Strategy:
Buy-in Price: $24.55, Target Price: $26.50, Cut Loss Price: $22.53

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Previous

Return to C

Who is online

Users browsing this forum: No registered users and 11 guests