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2009-5-14 10:57:00 a.m. HKT, XFNA
DJ MARKET TALK: UOB-KH Bullish On China Coal Producers
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| 1047 [Dow Jones] UOB Kay Hian says bullish on China coal producers, citing recovering power demand, higher coal prices, improved coal production in China. Upgrades to Buy: Yanzhou Coal Mining (1171.HK, 600188.SH), A shares down 1.4% at CNY14.90, H shares down 4.1% at HK$8.64 vs target price HK$10.80; Hidili Industry International Development (1393.HK) last down 4.4% at HK$4.38 vs target price HK$5.80. Top picks also include China Shenhua Energy (1088.HK, 601088.SH), A shares down 1.8% at CNY26.95, H shares down 2.3% at HK$23.45 vs target price HK$31. Firm says coal producers more relaxed supply discipline may lead to price cuts later on, which could pressure earnings.(JSX) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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