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C Suisse: CHINA SHENHUA(01088.HK) Kept Outperform on In-line Results
Credit Suisse stated in its research report that CHINA SHENHUA(01088.HK)  -0.770 (-3.802%)    Short selling $20.12M; Ratio 3.584%   's 2017 net profit jumped 92% year on year to RMB47.8 billion, in-line with its estimates, mainly propelled by strong coal prices. DPS was 91 fen, equivalent to a payout ratio of 38%.

The broker maintained CHINA SHENHUA rated Outperform at the target price $23, given its resilient balance sheet, cash flow and dividend yield.

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