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Maintain a "buy" rating for Yancoal Australia (03668) with a target price of HKD 43.2, according to AXI.
AXA International believes that the company's production will further recover this year, and coal prices will remain relatively balanced, maintaining a relatively good profit margin.
CMB International: Maintains a 'buy' rating for Yancoal Aus (03668) with a target price of 45 HKD.
CMB International estimates that Yancoal Aus will have a revenue of approximately 1.5 billion Australian dollars in 2Q24 (a decrease of 20% year-on-year, an increase of 3% quarter-on-quarter), maintaining its full-year sales guidance.
Hong Kong stock market turbulence | Coal industry concept continues to decline, Mongolia Mining (00975) fell more than 10%. The decline in coal prices led to a significant drop in profitability for most coal companies.
Coal industrial concept (coal industry) continues to decline, as of press time, Mongol Mining (00975) fell 10.71%, reporting 9 Hong Kong dollars; SouthGobi (01878) fell 9.71%, reporting 3.16 Hong Kong dollars; Yancoal Aus (03668) fell 5.34%, reporting 34.6 Hong Kong dollars.
HKEX Update: Yancoal Aus (03668) fell over 3% in the morning, with Q2 commodity coal production at 8.2 million tons, a year-on-year decrease of 4%.
Yancoal Aus (03668) fell more than 3% this morning. At the time of publication, it fell by 3.56% to HKD 35.25, with a turnover of HKD 46.608 million.
Coal industry stocks are under pressure. Hidili Industry (01393) fell by 8.08%. Institutions point out that coal production areas have strict and normalized safety supervision, and the increase in supply is limited.
Jinwu Finance News | Coal stocks under pressure, Hidili Industry (01393) fell 8.08%, Mongolia Energy (00276) fell 7.14%, SouthGobi (01878) fell 4%, Mongol Mining (00975) fell 3.97%, Yancoal Aus (03668) fell 2.6%, China Shenhua Energy (01088) fell 2.5%. Shanxi Securities said that coal production areas have strict and normal safety supervision and maintenance, and the supply increment of coal production areas is limited; in terms of demand, there is a north-south difference in electricity, southern hydropower and other clean energy continue to generate output, the coal consumption increases are limited, but the north continues to experience high temperatures, and the electricity...
Yancoal Australia Logs Fall in Q2 Output, Slight Rise in Sales
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