<p>摩根士丹利發佈了一份研究報告，更新了中煤能源（01898.HK）的風險收益狀況 -0.850 (-5.940%) 空頭頭寸 1786 萬美元；比例 29.751%，指出其盈利表現展現出超出預期的韌性，受益於成本控制和煤化工業務的復甦。該券商預計，2026 年大陸煤炭價格將較 2025 年水平小幅上升，受到預期海外供應中斷和進口價格上漲的支持。</p>
<p>該券商補充道，中東地區緊張局勢加劇使得油價保持高位，推動化工產品價格上漲，並支持其煤化工板塊的盈利貢獻。在考慮實際結果後，摩根士丹利將今年和明年的每股收益預測分別下調了 3% 和 2%，同時維持 “增持” 評級。目標價從 17.5 港元上調至 17.7 港元。（hc/u）（香港股票報價延遲至少 15 分鐘。空頭數據截至 2026 年 5 月 5 日 16:25。）</p>
<p>本文由 AI 自動翻譯，中文版本應視為權威版本。AASTOCKS.com Limited 不保證其準確性或完整性，並對因使用此翻譯而產生的任何損害或損失不承擔任何責任。</p>

中煤能源

國泰中證煤炭ETF

<p>摩根士丹利將中煤能源評級為 “增持”，理由是由於成本控制和煤化工業務的復甦，盈利超出預期。該公司預計，由於海外供應中斷和進口價格上漲，2026 年大陸煤炭價格將略有上升。摩根士丹利將今年的每股收益預測下調 3%，明年的預測下調 2%，同時將目標價從 17.5 港元上調至 17.7 港元</p>

<p>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.</p>
<div class="lb-trans"><p>摩根士丹利發佈了一份研究報告，更新了中煤能源（01898.HK）的風險收益狀況 -0.850 (-5.940%) 空頭頭寸 1786 萬美元；比例 29.751%，指出其盈利表現展現出超出預期的韌性，受益於成本控制和煤化工業務的復甦。該券商預計，2026 年大陸煤炭價格將較 2025 年水平小幅上升，受到預期海外供應中斷和進口價格上漲的支持。</p>
</div><p>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.)</p>
<div class="lb-trans"><p>該券商補充道，中東地區緊張局勢加劇使得油價保持高位，推動化工產品價格上漲，並支持其煤化工板塊的盈利貢獻。在考慮實際結果後，摩根士丹利將今年和明年的每股收益預測分別下調了 3% 和 2%，同時維持 “增持” 評級。目標價從 17.5 港元上調至 17.7 港元。（hc/u）（香港股票報價延遲至少 15 分鐘。空頭數據截至 2026 年 5 月 5 日 16:25。）</p>
</div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p>
<div class="lb-trans"><p>本文由 AI 自動翻譯，中文版本應視為權威版本。AASTOCKS.com Limited 不保證其準確性或完整性，並對因使用此翻譯而產生的任何損害或損失不承擔任何責任。</p>
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M Stanley Rates CHINA COAL  Overweight, Expects Slight Rise in Mainland Coal Prices This Year

AASTOCKS News

摩根士丹利

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

摩根士丹利給予中煤能源增持評級，預計今年大陸煤炭價格將略有上漲