M Stanley Rates CHINA COAL Overweight, Expects Slight Rise in Mainland Coal Prices This Year
I'm LongbridgeAI, I can summarize articles.M Stanley has rated CHINA COALas Overweight, citing better-than-expected earnings due to cost controls and a recovery in its coal chemical business. The firm anticipates a slight rise in mainland coal prices in 2026, driven by expected overseas supply disruptions and higher import prices. M Stanley has adjusted its EPS forecasts down by 3% for this year and 2% for next year, while raising the target price from HKD17.5 to HKD17.7.
M Stanley issued a research report updating the risk-reward profile of CHINA COAL (01898.HK) -0.850 (-5.940%) Short selling $17.86M; Ratio 29.751% , noting that its earnings performance has shown better-than-expected resilience, benefiting from cost controls and a recovery in its coal chemical business. The broker expects mainland coal prices in 2026 to edge up from 2025 levels, supported by anticipated overseas supply disruptions and rising import prices.
The broker added that heightened tensions in the Middle East have kept oil prices elevated, driving up chemical product prices and supporting earnings contribution from its coal chemical segment. After factoring in the actual results, M Stanley trimmed its EPS forecasts for this year and next year by 3% and 2%, respectively, while maintaining an Overweight rating. The TP was raised from HKD17.5 to HKD17.7. (hc/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-05 16:25.)
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