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    1088   CNE1000002R0

CHINA SHENHUA ENERGY COMPANY LIMITED

(1088)
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Delayed Hong Kong Stock Exchange  -  04:08 2022-06-30 am EDT
22.50 HKD   -0.66%
04:52aCHINA SHENHUA ENERGY : Held 2021 Annual General Meeting
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06/29CHINA SHENHUA ENERGY COMPANY LIMITED : Ex-dividend day for final dividend
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06/27CHINA SHENHUA ENERGY : Zhunchi Line of Xinshuo Railway Completed over Half of the Coal Transportation Task
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Chinese Energy Stocks Decline Amid Global Recession Fears

05/18/2022 | 11:57pm EDT

By Justina Lee


Chinese energy stocks broadly declined Thursday morning amid persistent concerns that an economic downturn in the global economy could curb demand.

China-listed shares of oil majors PetroChina Co. and China Petroleum & Chemical Corp., also known as Sinopec, fell 1.9% and 0.7%, respectively. China Oilfield Services slid 3.7%.

Among coal companies listed in China, China Coal Energy Co. shed 1.7% and China Shenhua Energy Co. fell 0.9%.

The declines weighed on benchmark indexes in Shanghai and Shenzhen, with both down about 0.4%. The CSI 300 index, which tracks large-capitalization stocks listed in Shanghai and Shenzhen, fell 0.6%.

While investor sentiment has been partially supported by signs of China reopening its economy, this has been offset by intense global recessionary worries, SPI Asset Management Managing Partner Stephen Innes said in a note. The oil market remains volatile, with reasons aplenty for traders to consider selling in the current environment, he added.

"As the procession to recession shortens, oil prices could continue to fall due to demand concerns," Mr. Innes said.

Citi analysts highlighted in a recent note signs of flagging demand in China, noting that April electricity demand fell 1.3% from a year earlier.


Write to Justina Lee at justina.lee@wsj.com


(END) Dow Jones Newswires

05-18-22 2356ET

Stocks mentioned in the article
ChangeLast1st jan.
CHINA COAL ENERGY COMPANY LIMITED -0.89% 6.65 Delayed Quote.49.11%
CHINA OILFIELD SERVICES LIMITED 0.39% 7.69 Delayed Quote.12.15%
CHINA PETROLEUM & CHEMICAL CORPORATION -0.84% 3.53 Delayed Quote.-1.93%
CHINA SHENHUA ENERGY COMPANY LIMITED -0.66% 22.5 Delayed Quote.23.91%
CHINESE ENERGY HOLDINGS LIMITED 0.00% 0.45 Delayed Quote.-16.67%
LONDON BRENT OIL -5.54% 109.21 Delayed Quote.48.43%
PETROCHINA COMPANY LIMITED -1.06% 3.74 Delayed Quote.8.93%
WTI -3.38% 105.985 Delayed Quote.48.43%
All news about CHINA SHENHUA ENERGY COMPANY LIMITED
04:52aCHINA SHENHUA ENERGY : Held 2021 Annual General Meeting
PU
06/29CHINA SHENHUA ENERGY COMPANY LIMITED : Ex-dividend day for final dividend
FA
06/27CHINA SHENHUA ENERGY : Zhunchi Line of Xinshuo Railway Completed over Half of the Coal Tra..
PU
06/24China Shenhua Energy Company Limited Approves Final Dividend for the Year Ended 31 Dece..
CI
06/24China Shenhua Energy Company Limited Approves Board Appointments
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06/24CHINA SHENHUA ENERGY : "Quadruple Control" of Personal Safety Firstly Put into Use in Shuo..
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06/22CHINA SHENHUA ENERGY : Selected in A-share Listed Companies Cash Dividend List
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06/20CHINA SHENHUA ENERGY : Shuohuang Railway Upgraded 24 Sets of Switches on the Main Route to..
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06/16Chinese Shares End Mixed; Coal Stocks Slide as May Output Growth Slows
MT
06/16CHINA SHENHUA ENERGY : Xinshuo Railway Adds a New Type of Freight Transport
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Financials
Sales 2022 315 B 47 022 M 47 022 M
Net income 2022 65 324 M 9 751 M 9 751 M
Net cash 2022 104 B 15 459 M 15 459 M
P/E ratio 2022 5,85x
Yield 2022 14,3%
Capitalization 614 B 91 655 M 91 655 M
EV / Sales 2022 1,62x
EV / Sales 2023 1,61x
Nbr of Employees 77 872
Free-Float 29,9%
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Technical analysis trends CHINA SHENHUA ENERGY COMPANY LIMITED
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Mean consensus BUY
Number of Analysts 14
Last Close Price 19,21 CNY
Average target price 22,96 CNY
Spread / Average Target 19,5%
EPS Revisions
Managers and Directors
Zhi Ren Lu Chief Executive Officer & Executive Director
Xiangxi Wang Chairman
Meijian Luo Chairman-Supervisory Board
Kwok Keung Yuen Independent Non-Executive Director
Chong En Bai Independent Non-Executive Director