Yanzhou’s Strong 3Q in Line; Capacity Expansion Remains a Near-Term Attraction
In addition to the year-over-year coal price gains, no-moat Yanzhou Coal’s strong third-quarter result also reflects the company’s aggressive capacity expansion. Net profit came in at CNY 1.6 billion in the third quarter under PRC GAAP, rising 275% year over year, or 11% sequentially. The company saw third-quarter production rise 32% year over year, with Zhuanlongwan and Shilawusu coal mines commencing operation, as well as a one-month contribution from newly acquired Coal & Allied, which bo...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.