Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China Shenhua Energy Co ( (HK:1088) ) has issued an update.
China Shenhua Energy Co has announced a significant increase in the annual cap for its Continuing Connected Transactions with China Railway Group, raising it from RMB7,400 million to RMB15,000 million. This revision aims to support the launch of a new logistics business model and enhance transportation revenue, reflecting the company’s strategic focus on expanding its logistics capabilities and strengthening its market position in the transportation sector.
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 Co is a major player in the energy sector, primarily engaged in the production and sale of coal and electricity. The company also provides transportation services and is involved in the railway sector, which supports its logistics and supply chain operations.
Average Trading Volume: 21,819,991
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$821.6B
Find detailed analytics on 1088 stock on TipRanks’ Stock Analysis page.