Yanzhou Coal 1171

Re: Yanzhou Coal 1171

Postby winston » Thu Aug 14, 2014 2:35 pm

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<Research Report>YANZHOU COAL (01171.HK) downgraded to Underperform, target reduced to $4 - Macquarie
Jul 16, 2014

Macquarie reduced YANZHOU COAL (01171.HK)'s EPS forecasts for 2014, 2015 and 2016 by 24%, 29% and 25% to reflect lower coking coal price estimate and better cost control of he company.

The research house trimmed the stock's target price by 12% to $4, with the Underperform rating unchanged.

Source: AAStocks Financial News
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Re: Yanzhou Coal 1171

Postby winston » Tue Oct 28, 2014 7:13 pm

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YANZHOU COAL (01171.HK) kept Underweight, target up to $5.7 - M Stanley

As pointed out by Morgan Stanley, the third quarterly net profit of YANZHOU COAL (01171.HK) +0.180 (+2.956%) Short selling $17.11M; Ratio 15.512% recorded a year-on-year decrease of 38% to RMB 1.1 billion, whereas the net profit soared 96% on a quarterly basis.

Morgan Stanley uplifted the earnings forecast of Yanzhou Coal in 2014 to 2016 by 83%/47%/22%.

Concurrently, it is expected that the unit cost of the group in China will be decreased by 20% and the Australia production will be dropped by 7%.

Morgan Stanley maintained the Underweight rating of Yanzhou Coal and the target price was uplifted from HK$4.7 to HK$5.7.

Source: AAStocks Financial News
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Re: Yanzhou Coal 1171

Postby winston » Tue Oct 25, 2016 7:51 am

In the mainland, coal prices are rising as winter demand comes in.

Yanzhou Coal (1171) soared by 4.9 percent to a one-year high of HK$6.33.

But it was way below HK$32 in 2011 when its net profit was 8.7 billion yuan (HK$9.96 billion).

Last year, its profit was only 164 million yuan.

Source: The Standard
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Re: Yanzhou Coal 1171

Postby winston » Thu Jan 26, 2017 8:55 am

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<Positive Profit Alert>YANZHOU COAL Expects 2016 Net Profit to Grow 120-140% YoY

YANZHOU COAL (01171.HK) issued a positive profit alert, predicting a yearly increase of 120% to 140% in net profit for the year 2016, mainly affected by the national structural reform on supply side, the reduction in production capacity of the coal industry and other policy factors, the market price of coal rose sharply which caused a substantial increase in the price of the company's saleable coal and significantly improved the profitability of the company since the third quarter of 2016.

Facing the fluctuation of the coal market, the company seized the country's policies of moderately increasing in investment of advanced production capacity and securing the stable supply of coal.

The company actively increased its productivity to the extent that is permissible under the policies.

In the meanwhile, the company strengthened its internal measures to reduce costs and implemented the strategies to optimize the varieties of coal in order to achieve the profitability and efficiency.

Source: AAStocks Financial News
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Re: Yanzhou Coal 1171

Postby winston » Thu Apr 20, 2017 7:56 am

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Miner strikes rich vein

by Dominique Nguy

A positive profit alert was issued yesterday by Yanzhou Coal Mining (1171).

The firm sees its net profit in the first quarter increasing up to sixfold compared to the corresponding period last year.

Then, the coal mining firm's net profit was 247.5 million yuan (HK$279.4 million) while earnings per share came to 0.05 yuan.

The significant increase in profit is attributed to a range of factors, including the capacity of the coal industry becoming less while the price of coal has increased significantly over the 12 months.

Yanzhou has also benefited from new mines going into commercial production and sales of coal it has mined directly increasing.

Source: The Standard
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Re: Yanzhou Coal 1171

Postby winston » Tue May 23, 2017 7:24 am

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Yanzhou Coal gets ‘thumbs up’ from analysts who flag new mine output, rising prices

Shandong-based Yanzhou’s management said in March it aimed to raise coal output by 29.2 per cent to 78.6 million tonnes this year, thanks in part to its new mines in Inner Mongolia and Australia.


An additional 12 million tonnes of output is expected to be added when the US$2.5 billion acquisition of mines from Australian global mining giant Rio Tinto is completed.


Yanzhou’s Hong Kong-listed H-shares have dropped 21 per cent from its high in April, ending at HK$5.8 on Friday, its lowest level since early February.


“We still think Yanzhou can achieve a 13 per cent rise in the average selling price this year from last year to 443 yuan a tonne for output from its own mines,” he said in a report.


Credit Suisse analysts believe net profit for Yanzhou will more than triple by 2019, even as they expect the average benchmark coal price to fall from 575 yuan a tonne this year to 500 yuan next year and 450 yuan per tonne in 2019.



Source: SCMP

http://www.scmp.com/business/companies/ ... put-rising
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Re: Yanzhou Coal 1171

Postby winston » Mon Oct 29, 2018 1:24 pm

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<Result Ann>YANZHOU COAL 1-3Q Net Profit Up 13.4% to RMB5.5B

YANZHOU COAL (01171.HK) announced that for the first three quarters ended 30 September 2018, the net profit surged by 13.36% yearly to RMB5.504 billion, with basic EPS of RMB1.1205.

Source: AAStocks Financial News
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Re: Yanzhou Coal 1171

Postby winston » Mon Oct 29, 2018 1:27 pm

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Oct 23, 2018

<Research Report>G Sachs Upgrades YANZHOU COAL (01171.HK) to Buy with TP Up to $12

Goldman Sachs revised YANZHOU COAL (01171.HK)'s EPS forecasts up by 23%/ 35%/ 23% for 2018-2020, indicating potential seaborne coal price hike and decline in domestic PCI coal price.

YANZHOU COAL was trading at an attractive valuation after recent correction.

Therefore, Goldman Sachs upgraded the firm from Neutral to Buy, with H-share target price up from $9.4 to $12.

Source: AAStocks Financial News
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Re: Yanzhou Coal 1171

Postby winston » Mon Oct 29, 2018 1:27 pm

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Oct 23, 2018

<Research Report>G Sachs Upgrades YANZHOU COAL (01171.HK) to Buy with TP Up to $12

Goldman Sachs revised YANZHOU COAL (01171.HK)'s EPS forecasts up by 23%/ 35%/ 23% for 2018-2020, indicating potential seaborne coal price hike and decline in domestic PCI coal price.

YANZHOU COAL was trading at an attractive valuation after recent correction.

Therefore, Goldman Sachs upgraded the firm from Neutral to Buy, with H-share target price up from $9.4 to $12.

Source: AAStocks Financial News
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Re: Yanzhou Coal 1171

Postby winston » Tue Sep 03, 2019 7:45 am

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Yanzhou Coal expects price rally

Wu Xiangqian, the director and general manager of mainland's Yanzhou Coal Mining (1171) expects the coal price to rally in the second half, given the unsaturated market, along with increasing demand from the company's South Asian customers.

The Shandong-based company declared an interim dividend for the first time of 1 yuan (HK$1.10) per share.

Yanzhou Coal reported half-year net profit of 5.81 billion yuan, up by 25.68 percent over a year earlier. Earnings per share were 1.18 yuan.

Chief financial officer Zhao Qingchun said the company will maintain its dividend payout ratio no less than 35 percent.

Revenue grew by 3.16 percent year-on-year to 33.24 billion yuan. Coal sales volume was 55.29 million tons, almost the same as the year-before period.

The company canceled a non-public issuance of its A-shares, which was planned since 2017.

Zhao said the company withdrew the issuance as its A-share price could not reflect the performance, and there was no clear target for the company to raise funds.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0902&sid=2
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