Hong Kong coal stocks generally rose, with China Shenhua initially rising to 6%, reaching a new high since its listing. Yancoal AUS rose by 3.8%, China Coal Energy and KINETIC DEV rose by about 3%, while Yancoal, CHINA QINFA, SHOUGANG RES, and Nanshan Resources also saw increases

Understanding the Market | YANCOAL AUS opened down more than 3%, with the average coal price in the third quarter falling year-on-year. Weak coal prices leave it lacking catalysts in the short term

YANCOAL AUS's stock price opened more than 3% lower, and as of the time of writing, it has fallen by 3.09%, trading at HKD 26.32. The company's third-quarter report shows that the average coal price has decreased by 17.6% year-on-year, to RMB 140 per ton, affected by strong supply. Although sales volume increased by 3% year-on-year, production decreased by 9% year-on-year due to weather factors. CMB International has lowered the company's future earnings forecast, believing that weak coal prices lack catalysts in the short term, but maintains a "Buy" rating

CICC: Maintains YANCOAL AUS outperform rating with a target price of HKD 29

CICC maintains YANCOAL AUS as outperforming the industry rating, with a target price of HKD 29. It is expected that the rebound in coal prices in the second half of the year will help the company's profit recovery. Although the 2025E profit has been revised down by 11.5% to AUD 473 million, the 2026E profit remains unchanged. In 3Q25, production was 9.3 million tons, a year-on-year decrease of 9%, while sales increased to 10.7 million tons, a year-on-year increase of 3%. The coal price in 3Q25 declined quarter-on-quarter, with a cash balance of AUD 1.8 billion, and the guidance for 2025 remains unchanged

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

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 increased sales volume despite production declines due to adverse weather, aided by resolving shipping delays. While average selling prices have dropped, Yancoal's strategic equity increase in Moolarben mines is expected to enhance production. With a significant cash reserve and a commitment to a 50% dividend policy, Yancoal remains appealing. Despite sluggish coal prices, its healthy balance sheet supports a Buy rating, with a price target of A$6.00 reiterated by TR | OpenAI.