SGYKENR@EC2611A

BOA Securities Raises Yancoal's Profit Forecast and Target Price

Huatai Securities Raises Target Price and Rating for Yanzhou Coal Energy

Yankuang Energy completes issuance of RMB 2 billion in Sci-Tech Innovation Bonds

China Construction Bank Maintains Buy Rating for Yankuang Energy Group's H Shares

Yankuang Energy Successfully Issues Sci-Tech Innovation Bonds for M&A Funding

YANKUANG ENERGY released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue HKD 39.21 B (forecast HKD 47.05 B), actual EPS HKD 0

Yankuang Energy reports 42.14% increase in net profit for Q1 2026

YANKUANG ENERGY to Release FY2026 Q1 Earnings on April 28 After-Market (BJT), Forecast Revenue HKD 47.24 B

Yankuang Energy Reports Q1 2026 Coal Output Down 6.3% But Sales Up 3.1%

Yanmei Australia Plans to Acquire 80% Interest in Red Kite Mine for Up to $2.4 Billion

Yancoal Australia to Acquire 80% Stake in Kestrel Coal Mine

Yankuang Energy Responds to Mideast Situation's Impact on Energy Supply and Predicts 2026 Market Trends

Yankuang Energy Group's Board Proposes Charter Revision

Yankuang Energy Reports Lower Net Profit but Higher Coal Sales Volume in FY2025

YANKUANG ENERGY released FY2025 Q4 earnings on March 27 Pre-Market (BJT), actual revenue HKD 44.45 B (forecast HKD 16.31 B), actual EPS HKD 0.14

YANKUANG ENERGY released FY2025 earnings on March 27 Pre-Market (BJT), actual revenue HKD 158.41 B (forecast HKD 147.67 B), actual EPS HKD 0.9138 (forecast HKD 1.0556)

Xinglongzhuang Coal Mine Introduces AI for Automated Coal Washing

YANKUANG ENERGY to release FY2025 earnings on March 27, pre-market (BJT), forecast revenue HKD 151.11 B, EPS HKD 1.0802

BOA Securities Upgrades Ratings for Yankuang Energy and China Shenhua

Yankuang Energy Plans to Repurchase A-shares and H-shares

RONGZUN INT’L H

ASIA PIONEER

CENTRALCHINA MT

WANDA HOTEL DEV

TOMO HOLDINGS

HENGDELI

CH NETCOMTECH

HAIZHI TECH GP

TRANSTHERA-B

INTELLIMARK W27

06082

06809

00669

00087

01347

00857

01171

00883

01898

01088

BIREN TECH(06082) rose 14.8%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 198.7%. MONTAGE TECH(06809) rose 11.19%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 234.5%. PETROCHINA(00857) fell 8.48%, with a trading turnover 3.4 Billion HKD, and a year-to-date rose 27.6%. YANKUANG ENERGY(01171) fell 6.73%, with a trading turnover 974.1 Million HKD, and a year-to-date rose 52.8%.

Top Gainers&Losers

BIREN TECH

MONTAGE TECH

TECHTRONIC IND

SWIRE PACIFIC B

HUA HONG SEMI

PETROCHINA

YANKUANG ENERGY

CNOOC

CHINA COAL

CHINA SHENHUA

Top 5 HK Stock Gainers/Losers (>100B) (5.7)

600188

STECH

At the midday close on May 7, Hong Kong stocks' three major indices surged, with the Hang Seng TECH Index leading the market with a 3.09% gain. The tech internet and semiconductor/optical communication sectors became the main focus of bullish capital, with Kuaishou and Hua Hong Semiconductor both soaring over 7%, while trading volumes for Tencent and Alibaba approached the HKD 10 billion mark. On the other hand, traditional energy stocks such as oil, gas, and coal suffered collective setbacks due to expectations of easing geopolitical tensions. Additionally, the robotics concept and insurance sector showed active performance during the session

Market Pulse

Hang Seng TECH Index

CAM HS TECH

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Dacheng Hang Seng Technology ETF(QDII)

Harvest Hang Seng SCHK Technology ETF

ISHARESHSTECH

ChinaAMC Hang Seng Technology ETF(QDII)

GX HS TECH

Guotai CSI Semiconductor Material Equipment Theme ETF

Tianhong Hang Seng TECH ETF(QDII)

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSTECH ETF

CSOP HS TECH

Hang Seng TECH ETF I

Hang Seng Index

KUAISHOU-W

BABA-W

TENCENT

BIDU-SW

YOFC

XL2CSOPHYNIX

Samsung Electronics 

Coherent Corp.

POP MART

KB LAMINATES

CHINA LIFE

PING AN

DEEPEXI TECH

FIT HON TENG

TRACKER FUND

SMIC

XIAOMI-W

Montage Technology

CSEC/China Shenhua

China Life

Ping An

CATL

KUAISHOU-WR

Hua Hong

Alibaba

BABA-WR

Alibaba HK SDR 5to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

BIDU-SWR

Baidu

PetroCN HK SDR 1to2

CNOOC-R

Samsung Electronics Co., Ltd. Sponsored GDR

POP MART HK SDR 20to1

Techtronic Industries

PING AN-R

Ping An Insurance

SMIC HK SDR 5to1

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

CATL HK SDR 30to1

HK Stocks Midday Review | Hang Seng TECH Index Rises Over 3%, Led by Tech and Semiconductors; Oil, Gas, and Coal Stocks Decline Collectively

On May 7th, during the Hong Kong stock market session, the three major indices collectively surged, with the Hang Seng Tech Index leading the market with a 2.67% increase. Boosted by the strong performance of U.S. tech stocks overnight and the progress of AI commercialization, tech giants rallied across the board, with Kuaishou soaring nearly 7% and Alibaba and Baidu rising over 4%. Meanwhile, the photovoltaic sector collectively rose due to expectations of profit recovery, and insurance and real estate stocks also performed well. In contrast, the traditional energy sector faced pressure, as expectations of easing geopolitical tensions in the Middle East led to a significant withdrawal of oil risk premiums, causing oil, gas, and coal stocks to decline sharply against the trend

- Hong Kong's stock market showed positive momentum, with major indices rising collectively; the Hang Seng Index increased by 1.45% to 26,593.49 points.  
- Notable stock performances included Kuaishou, which rose 6.80%, and Alibaba, which gained 4.55%.  
- Despite strong gains in technology and solar sectors, energy stocks fell sharply amid a decline in global crude oil prices, with Brent crude dropping 7.83% to $101.27 per barrel.

LB Select

Hong Kong stocks intraday | Technology stocks lead the Hang Seng Index up nearly 2%, oil, gas, and coal stocks weaken due to the US-Iran talks

05403

05238

Huatai Securities has raised the target price for YANKUANG ENERGYto HKD22.46, citing dual external and organic growth as key drivers for long-term growth. The company reported a revenue of RMB34.589 billion in Q1 2026, a 1.83% YoY increase, with a net profit of RMB3.955 billion, up 42.14% YoY. However, recurring net profit fell 64.14% YoY to RMB1.06 billion. The report highlights potential benefits from tightening energy supply-demand dynamics and rising coal and oil prices, maintaining a 'Buy' rating and forecasts for net profit through 2028.

AASTOCKS News

YANKUANG B2801

YANKUANG B2910

HTSC

Huatai Securities Co., Ltd. GDR Class A RegS

Yancoal Australia Ltd.

YANCOAL AUS

Huatai Securities Raises YANKUANG ENERGY  TP to HKD22.46, Dual External and Organic Growth to Support Long-term Growth

03668

515220

At yesterday's close, Yancoal Australia had a trading volume of approximately HKD 85.38 million, ranking among the top in trading activity within the coal sector. The MACD daily line formed a bullish signal above the zero axis, and the short-term moving averages maintained an upward trend. This technical pattern is typically interpreted as a phase acceleration signal within a medium-term bullish trend. Recently, the coal sector has shown signs of recovery, and Yancoal Australia, as a core overseas coal asset under Yankuang Energy, has seen increased capital attention. On the news front, the escalating situation in the Middle East has become the largest macro variable in today's market. Reports of U.S. military plans to strike Iran pushed Brent crude oil up 7.1% to USD 126.41 per barrel, reaching a new high since June 2022. The surge in oil prices has a strong driving effect on alternative energy varieties, and coal, as an important component of traditional energy, is expected to see price increases as well. During the same period, Yankuang Energy (1171.HK) rose 1.36% yesterday, with a trading volume of approximately HKD 649 million, and the strong performance at the parent company level provided emotional support for Yancoal Australia. The price component in the April PMI indicates that cost pressures remain significant, and rising energy prices are being transmitted to the mid and downstream sectors, which coal companies are likely to benefit from due to rising product prices. From a technical perspective, the bullish signal above the zero axis and the logic of rising energy prices driven by geopolitical risks create a dual resonance between technical and fundamental aspects. Today's key point is whether oil prices can maintain high levels and whether the coal sector can achieve an overall coordinated rise

Technical Forecast

Guotai CSI Coal ETF

Pre-market trend | YANCOAL AUS (3668.HK) on April 30, oil prices surge driving energy stocks, is the coal sector about to rise?

Bank of China has maintained a Buy rating on Yankuang Energy Group Company Limited Class H, setting a price target of HK$17.80. The shares closed at HK$16.38 last Tuesday. The overall analyst consensus suggests a Moderate Buy rating with an average price target of HK$16.61.

Tip Ranks

BANK OF CHINA

Bank Of China

Bank of China

BOC HONG KONG

Yankuang Energy Group Company Limited Class H (YZCHF) Receives a Buy from Bank of China

Yankuang Energy Group has successfully raised RMB 2 billion through the issuance of its 2026 first tranche of sci-tech innovation bonds for M&A activities. The bonds, with a 1.84% interest rate and a 3+N year term, were fully subscribed, reflecting strong institutional investor confidence. This move enhances the company's balance sheet flexibility for future transactions and indicates continued access to low-cost funding. The latest analyst rating for Yankuang Energy (HK:1171) is a Hold with a price target of HK$9.00.

CM BANK

China Merchants Bank

INDUSTRIAL BANK

Yankuang Energy Raises RMB 2 Billion via Sci-Tech Innovation M&A Bond

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.

BOCI Raises YANKUANG ENERGY  TP to HKD17.8, Rating Buy

YANKUANG ENERGYshares rose over 6% following a positive earnings report, with a net profit of RMB4 billion for Q1 2026, up 42% YoY. Despite a 61% drop in recurring profit due to rising costs and lower coal prices, analysts from M Stanley and BofAS maintained favorable ratings, citing potential recovery in earnings due to rising coal prices and improved demand. M Stanley set a target price of HKD21.9, while BofAS set a target of HKD17 for H shares and RMB24 for A shares.

Morgan Stanley

Bank of America

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

YANKUANG ENERGY  Jumps Over 6% Post-Results; Favored by M Stanley and BofAS

Yankuang Energy Group Company Limited has proposed a new board lineup for its tenth session, including six directors and four independent non-executive director candidates, pending review by the Shanghai Stock Exchange. Shareholders will vote on these candidates at the 2025 annual general meeting. Several current directors will step down, including one independent director reaching the six-year limit. The company appreciates their service as it transitions to the next governance cycle. The latest analyst rating for the stock (HK:1171) is a Hold with a price target of HK$9.00.

Yankuang Energy Overhauls Board Line-Up Ahead of Tenth Session

SGYKENR@EC2611A(28958.HK)