this is the Google translate version of it
CMB International: Maintain Yancoal Australia Buy rating with target price of HK$53
Sina Hong Kong stocks 02-17 16:28
China Merchants Bank International released a research report saying that it maintains Yancoal Australia (03668)'s "buy" rating, and its profit forecast remains unchanged; it will release its full-year financial results on February 27, with a target price of HK$53. The company announced that the government of New South Wales, Australia introduced a coal price cap and reserve policy, which will take effect for 15 months (April 1, 2023 to June 30, 2024).
According to the report, according to the above-mentioned policy requirements, the company must provide a maximum of 310,000 tons of coal to domestic power plants every quarter. The bank estimates that this will have an impact of -3%/-1.7% on the company's pre-tax profit in 2023/24, respectively, so it believes that the introduction of this policy will have little impact on the company. Considering that the price limit policy has been discussed in the market for a period of time, it is believed that the confirmation of relevant details will help to dispel the market's doubts about the company's business development.
- Forums
- ASX - By Stock
- YAL
- Ann: New South Wales Coal Reservation Policy
Ann: New South Wales Coal Reservation Policy, page-60
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add YAL (ASX) to my watchlist
|
|||||
Last
$6.25 |
Change
-0.010(0.16%) |
Mkt cap ! $8.252B |
Open | High | Low | Value | Volume |
$6.31 | $6.33 | $6.20 | $8.439M | 1.346M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 8080 | $6.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.28 | 9694 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 8080 | 6.250 |
3 | 7374 | 6.240 |
4 | 23598 | 6.230 |
1 | 5780 | 6.220 |
5 | 16234 | 6.210 |
Price($) | Vol. | No. |
---|---|---|
6.280 | 9694 | 2 |
6.290 | 9388 | 3 |
6.300 | 59438 | 4 |
6.310 | 4394 | 2 |
6.330 | 5000 | 2 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
Featured News
YAL (ASX) Chart |