Broker Reiterates Bullish China Coal, Sees Upside on Supply Constraints

Very Bullish · $000983.SZ · $000933.SZ · $1171.HK · $3668.HK · $1898.HK

What Happened

Zhongtai Securities reiterates a bullish call on the Chinese coal sector, highlighting that coal (Shenwan index) rose 1.51% today and is up 22.81% year-to-date, ranking first among sectors. The broker cites Q3 earnings improvement and supply-side constraints as key catalysts.

Bottom Line

Zhongtai Securities remains bullish on China coal, recommending buying on dips, with a focus on coking coal and thermal coal names.

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