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China Shenhua Energy Advances Belt and Road Initiative with Successful Power Project in Indonesia

Story Highlights
  • China Shenhua Energy completed a trial operation of a power unit in Indonesia.
  • The project enhances the company’s market position and supports the Belt and Road initiative.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Shenhua Energy Advances Belt and Road Initiative with Successful Power Project in Indonesia

Elevate Your Investing Strategy:

China Shenhua Energy Co ( (HK:1088) ) just unveiled an update.

China Shenhua Energy Company Limited announced the successful completion of a 96-hour trial operation of Unit No. 1 of the South Sumatra No. 1 Independent Power Project in Indonesia, which has now transitioned to commercial operation. This project, part of the Belt and Road initiative, features supercritical coal-fired power generating units and demonstrates excellent environmental performance, significantly enhancing the company’s operational capabilities and market positioning in the region.

The most recent analyst rating on (HK:1088) stock is a Hold with a HK$28.00 price target. To see the full list of analyst forecasts on China Shenhua Energy Co stock, see the HK:1088 Stock Forecast page.

More about China Shenhua Energy Co

China Shenhua Energy Company Limited is a major player in the energy sector, primarily focusing on coal-fired power generation. The company is involved in the implementation of the Belt and Road initiative, with a significant market presence in Asia.

YTD Price Performance: -0.62%

Average Trading Volume: 21,806,101

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$769B

Find detailed analytics on 1088 stock on TipRanks’ Stock Analysis page.

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