CICC: Maintains China Shenhua (01088.HK) "Outperform" rating; H/A share target prices at HK$51 and RMB51 respectively

Zhitong Finance APP has learned that CICC issued a research report stating that China Shenhua's (01088, 601088.SH) third-quarter results were slightly below the firm's expectations, mainly due to rising costs in the power business and a year-on-year increase in period expenses. The firm adjusted its coal price and power cost assumptions, kept its 2026 and 2027 earnings forecasts basically unchanged, and maintained its "Outperform" rating on both A-shares and H-shares, with target prices of RMB 51 and HKD 51, respectively. According to the firm's forecasts, the H-shares correspond to 2026 and 2027 price-to-earnings ratios of 15.2x and 15.1x, respectively.