Gelonghui, March 26 | Dongwu Securities Research Report pointed out that China Shenhua (601088.SH)'s stable performance in 2023 slightly exceeded expectations, and continues to be optimistic about the revaluation of the leading value of high-quality coal. The company's business model is unique at home and abroad, and it is a scarce resource-based integrated coal and electricity operating company. The company operates steadily and grows steadily, and has the characteristics of stable dividends. The company's dividend rate is expected to drop to around 4.5%. Based on the current dividend rate of 5.96%, there is still room for a share price increase of nearly 32%. Therefore, consider that the company has both stable growth and high dividend safe-haven attributes to maintain the company's “buy” rating.
研报掘金丨东吴证券：维持中国神华“买入”评级，继续看好优质煤炭龙头价值重估
Research Report Nuggets丨Dongwu Securities: Maintaining China's Shenhua “Buy” Rating and Continuing to Be Optimistic About Revaluing High-Quality Coal Leading Companies
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