China Shenhua declines 2% investment securities to maintain neutral rating
Source: Internet
Author: User
China Shenhua, which has a good production and sales data and is likely to buy back shares, dipped slightly in the turmoil earlier this morning, with shares falling 1.65% to HK $26.75 and 5.92 million shares a half. China Merchants Securities (Hong Kong) issued a report saying that it maintained the neutral rating of the unit, the target price of HK $25.1, 6% discount to market price. Investment Securities (Hong Kong), China Shenhua monthly output quarter-on-quarter rebound, monthly power generation and sales of the month-on-month decline also narrowed, but the resumption of Shanxi small ore production signs, coal price pressure is still large. Thus still maintain Shenhua second half of the key contract coal 490 yuan/ton assumption. And the stock has rebounded more recently.
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