BofA Securities: Expected China Shenhua's (01088.HK) investment to bring earnings growth per share, maintaining a "neutral" rating.

According to the app of Wisdom Financial, Bank of America Securities released a research report stating that China Shenhua (01088.HK) is the most defensive company among Chinese coal enterprises, with 80% of its business focused on contractual thermal coal. However, if spot prices fall far below contract prices by mid-year, its contract prices may be challenged. Currently, its price-to-book ratio is over 1, higher than its peers. Bank of America Securities maintains a "neutral" rating on the stock; with a target price of HK$43 for the Hong Kong stock, and a target price of RMB 44.5 for the A-share of China Shenhua (601088.SH).