On September 14, YANKUANG ENERGY fell 3.39% in regular trading, trading at HK$12.56/share, with turnover of approximately HK$96.2 million. The decline came as JPMorgan maintained its Neutral rating on the H-shares with an unchanged target price of HK$12.5, essentially signaling no upside from current levels.

While JPMorgan raised its A-share target price to RMB 22 and expressed short-term preference for YANKUANG ENERGY due to its higher coking coal exposure and favorable contract mix, the bank cautioned that the 6%-7% dividend yield among coal stocks may not be sustainable, as supply constraints could prove temporary. JPMorgan also raised its 2026 mainland thermal coal price forecast to RMB 830 per tonne, acknowledging short-term upside risks to coal prices.

The broader coal sector saw broad-based selling pressure. Within the Coal and Consumable Fuels sector, CHINA SHENHUA fell 2.04%, CHINA COAL declined 1.97%, CGN MINING dropped 4.39%, KINETIC DEV lost 4.52%, and YANCOAL AUS slid 6.42%. Market participants remain concerned over whether coal price strength is sustainable and the risk of potential policy intervention to cap prices.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)