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.
this is the Google translate version of it CMB International:...
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Last
$6.42 |
Change
-0.150(2.28%) |
Mkt cap ! $8.477B | |||
| Open | High | Low | Value | Volume |
| $6.52 | $6.55 | $6.32 | $20.58M | 3.205M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 50125 | $6.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.44 | 900 | 1 |
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| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$6.44 |
Change
-0.150 ( 1.70 %) |
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| Open | High | Low | Volume | ||
| $6.50 | $6.55 | $6.32 | 445382 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
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