Coal news and updates

China Shenhua’s Coal Sales Volume Sees 13.4% Increase in July

China Shenhua Energy Co H, an integrated coal-based energy company in China, reported a 13.4% increase in coal sales volume for the month of July. The total coal sales volume reached 38.0 million tons. The company received 13 buy ratings, 6 hold ratings, and 0 sell ratings.

According to independent analyst Brian Freitas, China Shenhua could potentially replace Country Garden in the Hang Seng China Enterprises Index (HSCEI INDEX) rebalance. This change is estimated to result in a one-way trade of HK$1.3 billion (US$170 million) and an increase in the fair value of the HSCEI 2023 Dividend Futures of up to 9 DIPS.

Freitas also discussed the index rebalances and ETF flows in Asia. He noted the inflows to China and Taiwan ETFs, while Korean ETFs experienced outflows. Additionally, he highlighted the difference in short interest between China Shenhua and Country Garden, and the potential impact of the rebalance on the dividend futures.

China Shenhua Energy Co H received high scores in Smartkarma Smart Scores. The company scored highest in Value and Dividend, indicating investor confidence in its potential for strong returns. It also performed well in Growth and Resilience, suggesting future growth. Lastly, it received a strong score in Momentum, indicating its current position.

As an integrated coal-based energy company focused on the coal and power businesses in China, China Shenhua Energy Co H is also known for its integrated coal transportation network. With its strong Smartkarma Smart Scores, the company is poised for long-term success.

(Note: This article is for informational purposes only and should not be considered as financial advice.)