DA Morgan: China Shenhua (01088.HK) preliminary second quarter results exceed expectations, reiterates "BUY" rating.

According to the Smart Financial APP, Morgan Stanley has released a research report stating that China Shenhua (01088.HK) is expected to increase its net profit by 7% to 21% in the first half of 2026, reaching 26.3 billion to 29.8 billion RMB. This performance exceeds the bank's expectations of 26 billion RMB. This means that its net profit in the second quarter will range from 15.6 billion to 19.1 billion RMB, an increase of 23% to 51% year-on-year, surpassing expectations. After the injection of 11 assets of consolidated groups, the net profit for the first half of the year is expected to range from a decrease of 4.7% to an increase of 8% according to the restated caliber calculation. Morgan Stanley reiterated its "overweight" rating on China Shenhua, with an H-share target price of 48.3 Hong Kong dollars unchanged.