China Shenhua Energy Poised to Keep Outshining Market -- Market Talk

Dow Jones2023-12-04

0409 GMT - China Shenhua Energy looks set to keep outperforming the market, CCB International analyst Helen Lau says, viewing the stock as poised for rerating on an improved outlook. Shenhua's vertical integration of power-generation and logistics businesses offers earnings visibility, helping stabilize growth and buffer against volatility, Lau says in a note. It also has a large portion of coal sales locked in long-term contracts, an attractive valuation and a high dividend yield, she adds. Shenhua stock has been resilient so far this year, outshining peers despite disappointing 3Q earnings and coal price weakness. CCB sees further positives in Shenhua's quality assets, better coal market fundamentals in China and brightening economic prospects. It keeps an outperform call on the stock, which is up 13% year to date. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

December 03, 2023 23:09 ET (04:09 GMT)

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Shenhua stock has been resilient so far this year, outshining peers despite disappointing 3Q earnings and coal price weakness. CCB sees further positives in Shenhua's quality assets, better coal market fundamentals in China and brightening economic prospects. It keeps an outperform call on the stock, which is up 13% year to date. 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Shenhua's ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1044876610.USD","symbol_name":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"ZU\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2388209603","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2388209603","pubTimestamp":1701662940,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2023 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"601088":"中国神华","LU1044876610.USD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"ZU\" (USD) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","BK0006":"大央企重组","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","BK1521":"挪威政府全球养老基金持仓","LU1642822792.SGD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"A\" (SGD) ACC","IE00BWDBJ730.SGD":"Legg Mason QS - MV Asia Pacific ex Japan Equity Growth and Income A Mdis SGD-H Plus","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","BK0015":"沪股通50","00939":"建设银行","LU0043850808.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AD\" INC","LU0173614495.USD":"富达中国焦点A","03143":"华夏香港银行股","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","LU0359201612.USD":"贝莱德中国基金A2","LU1720050803.USD":"安联全方位中国股票基金","IE00B19Z5X02.USD":"Legg Mason QS - MV Asia Pacific ex Japan Equity Growth and Income A Acc USD","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0791590937.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"A\" (USD)","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","BK1178":"煤与消费用燃料","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU0856984785.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"ACH\" (SGDHDG) ACC","LU1366334651.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"I\" (USD) INC","BK0179":"煤电重组","IE00BQJZWZ67.USD":"FRANKLIN MV ASIA PACIFIC EX JAPAN EQUITY GROWTH AND INCOME \"A\" (USD) INC (M) PLUS","BK1594":"碳中和概念股","LU0819121731.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (USD) ACC","BK0028":"国家队","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","BK1231":"综合性银行","BK1560":"内银股","01088":"中国神华","BK0012":"证金概念","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","03650":"KEEP","BK1505":"一带一路","LU1044874839.SGD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"AGH\" (SGDHDG) ACC","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","BK0188":"融资融券","LU0287142896.SGD":"Fidelity China Focus A-SGD","BK0187":"一线龙头"},"translate_title":"中国神华能源将继续超越市场——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601088":0.9,"03650":1,"01088":0.9,"00939":0.9,"03143":0.6},"content_text":"0409 GMT - China Shenhua Energy looks set to keep outperforming the market, CCB International analyst Helen Lau says, viewing the stock as poised for rerating on an improved outlook. Shenhua's vertical integration of power-generation and logistics businesses offers earnings visibility, helping stabilize growth and buffer against volatility, Lau says in a note. It also has a large portion of coal sales locked in long-term contracts, an attractive valuation and a high dividend yield, she adds. Shenhua stock has been resilient so far this year, outshining peers despite disappointing 3Q earnings and coal price weakness. CCB sees further positives in Shenhua's quality assets, better coal market fundamentals in China and brightening economic prospects. It keeps an outperform call on the stock, which is up 13% year to date. 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