YAL 0.29% $6.93 yancoal australia limited

You might need to skip to 43.27 on the video and have another...

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    You might need to skip to 43.27 on the video and have another listen, Matt is in fact quite positive on YAL. He mentioned YAL sells a lot of API5 or 5500kcal coal, which is currently in an uptrend, Q3 prices were US$88/t compared to their recent Q4 prices of US$96/t. YAL also sells semi soft coking coal, and PCI both products are fetching US$163/t & US$186/t respectively. Matt mentioned this positive uptrend in API5 is what you want to see and suggests YAL should be in for a decent 2024 with a BUY rating below $5.50, and a hold above $6.00.
 
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