Yancoal Australia (03668) rose by more than 4% in the afternoon....

Yancoal Australia (03668) rose by more than 4% in the afternoon. As of press time, it rose 3.92% to HK$33.2, with a turnover of HK$79.721 million.

Guotai Junan previously pointed out the company currently has sufficient cash on hand and currently has no major capital expenditure projects. It is expected to maintain a high dividend payout rate in the future.

Morgan Stanley released a research report saying that the bank participated in the company's non-trading deduction held after the results. Strong asset quality and continued high dividends were the highlights of the company. At the same time, it is believed that the sale of shares by the second largest shareholder Cinda will have additional positive factors for the stock price because free float improves.