UBS Rates CHINA SHENHUA Neutral with TP at HKD48
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UBS has rated CHINA SHENHUAas Neutral with a target price of HKD48. The company reported a profit of RMB11.885 billion for Q1 2026, down 11.1% YoY, aligning with market expectations. Following acquisitions, CHINA SHENHUA raised its 2026 operational targets, increasing coal production by 55% and capital expenditure from RMB38 billion to RMB56 billion. Short selling data indicates a ratio of 36.056%.
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