---
title: "CITIC International lowered the target price for YANCOAL AUS to 31 yuan and continued to recommend \"buy.\""
description: "CMB International has lowered the target price for YANCOAL AUS to 31 yuan, maintaining a \"Buy\" rating. The report indicates that production in the third quarter decreased by 9% year-on-year, while sal"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/262150380.md"
published_at: "2025-10-22T02:36:00.000Z"
---

# CITIC International lowered the target price for YANCOAL AUS to 31 yuan and continued to recommend "buy."

> CMB International has lowered the target price for YANCOAL AUS to 31 yuan, maintaining a "Buy" rating. The report indicates that production in the third quarter decreased by 9% year-on-year, while sales increased by 3% year-on-year. The average selling price decreased by 18% year-on-year, with third-quarter revenue approximately AUD 1.48 billion, a year-on-year decline of 17%. Profit forecasts for the fiscal years 2025 to 2027 have been revised down by 54%, 49%, and 40%, respectively. Despite weak coal prices, the bank remains optimistic about the stock based on a robust balance sheet and a consistent dividend policy

Zhao Yin International Research Report indicates that Yancoal Australia (03668.HK) saw a 9% year-on-year decline in production in the third quarter, affected by rainfall; however, sales increased by 3% year-on-year due to improvements in previously delayed shipments. The comprehensive average selling price during the period decreased by 18% year-on-year, generally in line with market trends. The firm estimates the company's revenue for the third quarter to be approximately AUD 1.48 billion, a 17% year-on-year decline but a 30% quarter-on-quarter increase.

The firm has lowered its earnings forecasts for Yancoal Australia for the fiscal years 2025 to 2027 by 54%, 49%, and 40%, respectively, mainly due to downward adjustments in the average selling price forecasts for thermal coal and metallurgical coal, although this was partially offset by a slight 2% increase in sales forecasts driven by increased equity from the Moolarben mine.

Although weak coal prices leave the stock lacking short-term catalysts, the firm maintains a "Buy" rating based on the group's robust balance sheet and ongoing dividend policy; the target price has been reduced from HKD 34 to HKD 31

### Related Stocks

- [03668.HK - YANCOAL AUS](https://longbridge.com/en/quote/03668.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Yancoal sets 2025 results release and investor webcast for late February | Yancoal Australia has announced the release of its 2025 financial results on February 25, 2026, at 7:30pm AEDT, followed | [Link](https://longbridge.com/en/news/276411199.md) |
| Yancoal Sets Date for 4Q 2025 Report and Investor Webcast | Yancoal Australia has announced the release date for its fourth-quarter 2025 report, set for 19 January 2026 at 7:30pm A | [Link](https://longbridge.com/en/news/272467868.md) |
| Yancoal Australia: Strong Financial Position and Strategic Growth Amid Market Challenges | Yancoal Australia demonstrates strong financial stability and growth potential despite market challenges. The company in | [Link](https://longbridge.com/en/news/262005043.md) |
| Coal Marches Toward Fresh 1-Year High | Coal prices have surged above $115 per ton, nearing a one-year high, driven by strong demand despite a global shift towa | [Link](https://longbridge.com/en/news/276198662.md) |
| Yancoal Australia Reports 13.6 Million Tonnes Saleable Coal Production in Fourth Quarter 2025 | Yancoal Australia Ltd. reported 13.6 million tonnes of saleable coal production in Q4 2025, with total run-of-mine coal  | [Link](https://longbridge.com/en/news/272946412.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
