M Stanley Rates CHINA COAL Overweight, Expects Slight Rise in Mainland Coal Prices This Year
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M Stanley has rated CHINA COALas Overweight, citing better-than-expected earnings due to cost controls and a recovery in its coal chemical business. The firm anticipates a slight rise in mainland coal prices in 2026, driven by expected overseas supply disruptions and higher import prices. M Stanley has adjusted its EPS forecasts down by 3% for this year and 2% for next year, while raising the target price from HKD17.5 to HKD17.7.
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