BOCI Raises YANKUANG ENERGY TP to HKD17.8, Rating Buy
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BOCI has raised its target price for YANKUANG ENERGYfrom HKD16.18 to HKD17.8, maintaining a Buy rating. The company reported a 42% year-on-year profit increase to RMB3.96 billion for Q1 2026, largely due to RMB2.9 billion from a coal mine sale. However, core profit fell 61% YoY due to rising costs at Yancoal Australia. The broker anticipates a significant increase in core profit in the coming quarters as coal and chemical product prices rise.
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