Yanzhou Coal's long-term future remains grim.
No-moat Yanzhou Coal’s strong first-quarter growth, with recurring net profit rising 34% year over year to CNY 2.2 billion under PRC GAAP, reflects the company’s aggressive capacity expansion, despite the weakening trend in benchmark BSPI coal prices. First-quarter commercial coal production jumped 35% year over year, with Yancoal Australia contributing more than 80% of the increment, following its acquisition of Coal & Allied in September 2017. This is in line with our expectations, and we ...
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.