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China Shenhua Energy Proposes Annual Cash Dividends of 65% or More of Profit in 2025-2027
China Shenhua to Acquire Coal Firm for Nearly 853 Million Yuan
Daiwa: Maintains China Shenhua Energy (01088) 'Outperform Market' rating. The three-year shareholder return plan is a positive signal.
The next catalyst for China Shenhua Energy is the annual dividend for 2024, which will be revealed at the end of March 2025. Daiwa predicts a payout of 2.2 yuan.
Morgan Stanley: Shenhua (01088.HK) updates its dividend guidance and the asset injection is somewhat positive.
Morgan Stanley released a research report stating that Shenhua (01088.HK) announced a dividend payout ratio of no less than 65% for the years 2025 to 2027, which is higher than the 60% for 2022 to 2024. Since the group's dividend payout ratio for 2022 to 2023 was 70%, Morgan Stanley believes that the new guidance indicates a moderate increase in its dividends. The firm noted that Shenhua acquired 100% of Hangjin Energy from its parent company for 0.8526 billion yuan. Against the backdrop of falling Coal prices and a lack of organic growth, the firm believes that acquiring Assets from the parent company provides a growth pathway without worsening the already oversupplied Coal market.
Express News | Morgan Stanley: China Shenhua Energy increases dividend commitment and injects assets, providing a mild Bullish effect on share price.
China Shenhua Energy plans to invest approximately 0.8526 billion yuan to acquire 100% equity of Hangjin Energy.
China Shenhua Energy (01088) announced that the company plans to sign an Equity Transfer Agreement with the State Energy Group Company. The agreement stipulates that based on the assessed value of all Shareholder equity of Hanjin Energy as of the assessment benchmark date (August 31, 2024), the State Energy Group Company will transfer 100% of its equity in Hanjin Energy to the company, with the transfer price being approximately 0.8526 billion yuan, which will be paid using the company's own funds.