BOCI Raises CHINA COAL TP to HKD11.76, Maintains Sell

AASTOCKS News
2026.04.29 07:38
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BOCI has raised the target price for CHINA COALfrom HKD10.78 to HKD11.76 while maintaining a Sell rating. The company's net profit for 1Q26 fell 3% YoY to RMB3.865 billion due to higher production costs and lower sales volume, despite an increase in realized coal prices. BOCI expects earnings to improve in the coming quarters and has raised its earnings forecasts for 2026-2028 by 9% to 10%.