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Yancoal Australia (03668): Xiaoyao Meng resigns as a non-executive director.
Yancoal Australia (03668) announced that Mr. Xiao Yaomeng resigned as a non-executive director of Yancoal Australia on September 18, 2024...
Yancoal Australia (03668.HK) will be included in the S&P/ASX 200 and S&P/ASX 300 indexes starting from September 23rd.
Yancoal Australia (03668.HK) announced that the company has noticed the index announcement released by S&P Dow Jones Indices on September 6, 2024. Following the third-quarter review by Standard & Poor's, Yancoal Australia will be included in the following indexes before the open on Monday, September 23, 2024: S&P/ASX 200 and S&P/ASX 300. Prior to being included in the ASX Index, Yancoal Australia was included in the Hang Seng Composite Index and the China Mainland Stock Market Hong Kong Stock Connect in March 2023.
gtja: The bottom of coal price in the second half of the year is expected to not break 800 yuan/ton, and the turning point is estimated to be in mid-September.
In the first half of 2024, the performance of dividend assets with a high proportion of long-term contracts continued to significantly outperform the industry. The performance pressure brought by the simultaneous decline in volume and price in the first half of the year has been released, determining that the bottom coal price in the second half of the year will not break 800 yuan/ton, and the turning point is expected in mid-September.
Hong Kong stocks abnormal | Some coal stocks rise against the trend, multiple coal companies announce mid-term dividends, highlighting the investment value of high dividend sectors.
Some coal industrial concept stocks bucked the trend, as of the deadline, China Qinfa (00866) rose by 6.58%, closing at 0.81 Hong Kong dollars; Yancoal Aus (03668) rose by 4.03%, closing at 29.7 Hong Kong dollars; Shougang res (00639) rose by 3.07%, closing at 2.69 Hong Kong dollars.
CICC: Yancoal Aus receives "shareholding" rating, target price adjusted down to 37.71 Hong Kong dollars
Morgan Stanley released a research report stating that Yancoal Australia (03668) performed below expectations in the mid-term, resulting in a 14.4%, 14.5%, and 14.2% downward revision of its net profit forecast for 2024 to 2026. Earnings per share forecast has been lowered from AUD 1.12, AUD 1.01, and AUD 0.76 to AUD 0.96, AUD 0.87, and AUD 0.65 respectively. The target price has been revised from HKD 43.03 to HKD 37.71, with a "buy" rating and a cautious outlook on the industry. Morgan Stanley currently predicts that NEWC thermal coal prices will be USD 135 per ton this year, higher than the previous forecast of USD 124 per ton.
Hong Kong stock market anomaly: Yancoal Australia (03668) fell more than 4% again, with a cumulative decline of nearly 25% after the performance, and Deutsche Bank said the lack of interim dividends was disappointing.
Yancoal Aus (03668) fell by over 4% again, with a cumulative drop of nearly 25% after earnings. As of the release, it fell by 3.87%, closing at 27.3 Hong Kong dollars, with a turnover of 43.2499 million Hong Kong dollars.
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