Morgan Stanley has issued a research report announcing the addition of CHINA SHENHUA (01088) to its China/Hong Kong Focus List, with an "Overweight" rating. CHINA SHENHUA is the largest coal producer in China, with coal production reaching 330 million tons and sales volume reaching 430 million tons in 2025. Despite continuous increases in domestic coal supply, the stock has undergone a sustained revaluation in recent years due to China's energy transition. With coal prices rising year-on-year, CHINA SHENHUA's coal segment is expected to contribute higher profits. Additionally, despite the rise in its share price, CHINA SHENHUA currently offers an approximate 7% dividend yield, which remains attractive in volatile market conditions.