Morgan Stanley: China Shenhua (01088.HK) Q3 net profit broadly in line with expectations; maintains "Overweight" rating.

Zhitong Finance APP has learned that Morgan Stanley has issued a research report stating that China Shenhua (01088.HK)'s net profit for the first nine months of this year increased by 4% year-on-year to RMB 44 billion, implying that third-quarter net profit increased by 3% year-on-year to RMB 15.7 billion, broadly in line with market expectations. The bank maintains its "Overweight" rating and a target price of HK$48.3.