China Coal’s Third Quarter Beats, Raise FVE to HKD 3.30 On Coal Price Hikes.
No-moat-rated China Coal’s third-quarter results came in better than we expected, with 16% year-over-year growth in average coal price driving a turnaround in net profit to CNY 277 million in the third quarter, from net loss of CNY 701 million a year earlier, under PRC GAAP. Notably, with improved earnings and a one-off disposal gain, China Coal saw an improved balance sheet, with net gearing falling to 63% at the end of the third quarter, from 83% at year-end 2015, and a positive free cash flow...
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.