Citigroup: Raises target price of China Shenhua (01088.HK) to 36.3 Hong Kong dollars, maintains "buy" rating.

According to the latest information from the Wisdom Financial APP, Citigroup has released a research report stating that considering the low average prices of self-produced coal by China Shenhua (01088.HK) in the next two years, the profit forecast for the period has been lowered by 11% and 13% to 50.1 billion and 45.6 billion yuan, respectively, and the expected profit for the group in 2027 is 43.2 billion yuan. The bank has raised the target price of China Shenhua from 32.7 Hong Kong dollars to 36.3 Hong Kong dollars and maintains a "buy" rating.