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YANZHOU COAL
10D Lo
Last (CNY)
10.09
-0.05 (0.493%)
Range
10.06 - 10.23
Updated2020/01/17 15:10
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C Suisse Downgrades YANZHOU COAL (01171.HK) to Underperform with TP Cut to $5.9
YANZHOU COAL (01171.HK)'s profit was squeezed by rising costs and reduced selling prices. Credit Suisse lowered the 2020 coal price forecast by 8.9% YoY to RMB535/tonne, expect...
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C Suisse Downgrades YANZHOU COAL (01171.HK) to Underperform with TP Cut to $5.9
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2019/12/02 11:23
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SHOW:  STOCK INFO  SHORT SELL  

YANZHOU COAL (01171.HK)  +0.100 (+1.490%)    Short selling $19.20M; Ratio 23.301%   's profit was squeezed by rising costs and reduced selling prices. Credit Suisse lowered the 2020 coal price forecast by 8.9% YoY to RMB535/tonne, expecting YANZHOU COAL to be the most prone to coal price changes.

The broker trimmed the 2019-21 earnings estimates on YANZHOU COAL by 4.4%/ 18.6%/ 19.8%. Overall, the stock was downgraded from Neutral to Underperform, with target cut from $6.65 to $5.9.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2020-01-17 16:25.)



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