CITIC Securities International: Raised target price of China Shenhua (01088.HK) to HK$42.5, maintains "Hold" rating.

Wisdom Financial APP learned that CCB International released a research report stating that China Shenhua Energy (01088.HK) recorded a 6% year-on-year decrease in net profit to 14.7 billion yuan in the third quarter according to International Financial Reporting Standards (IFRS), but a 13% increase from the previous quarter. The outstanding performance of the power business was the key driver for the strong quarterly growth. The bank predicts that the company's profit in the fourth quarter of 2025 will remain stable on a quarterly basis, as cost increases and unfavorable changes in coal sales structure will offset the benefits of coal price increases. Due to the strong profit performance in the third quarter of 2025, the bank has raised its profit forecast for 2025 to 2027 by 7 to 10%, reiterating a hold rating and raising the target price from 39.48 Hong Kong dollars to 42.5 Hong Kong dollars.