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China Shenhua falls 4% Citigroup stock price has been digested

Source: Internet
Author: User
Keywords Stock price good Hong Kong dollar Citi coal
Tags business exports higher higher than market show stock stock price
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The sales figures were good and the executives said there was a possible repo China Shenhua, which was following the market shock this morning, with shares falling 3.62% per cent to HK $25.3 and 16.55 million shares a half.　　Citi issued a report saying it maintained the stock rating, with a target price of HK $29.9, which is 18% higher than the market premium. Citi, China's interim results should be strong, as coal sales and production in May Rose 19% and 11% respectively from a year earlier, and the decline in the power generation business will slow down, should show some peak season of upward momentum. But coal exports remain weak. Citi believes that China Shenhua is one of the higher-quality shares in the metal and mining stocks in the mainland, but shares have digested much of the positive after the recent strong rally.

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