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<Research>BofAS Turns Neutral on 2026 CN Coal Performance, Raises TPs for YANKUANG ENERGY/ CHINA SHENHUA
Recommend 13 Positive 25 Negative 13 |
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Due to government controls on supply and pricing, the impact of weak demand has been largely offset, BofA Securities released a research report saying. Therefore, at the beginning of 2026, the broker turned neutral on China's coal view. However, the situation became more tense in recent weeks, leading to intensified supply risks. BofA Securities raised its 2026/ 2027 profit forecasts for YANKUANG ENERGY (01171.HK) by 29%/ 34% each, and raised its target price from $11.5 to $17. The broker also upgraded YANKUANG ENERGY from Neutral to Buy. BofA Securities lifted its 2026-2027 profit forecasts for CHINA SHENHUA (01088.HK) by 10-12%, elevated its target price from $43 to $50, and upgraded CHINA SHENHUA from Neutral to Buy. AASTOCKS Financial News Website: www.aastocks.com |
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