01898 Should I Buy

M Stanley maintains an Overweight rating for CHINA COAL due to its better-than-expected earnings resilience, supported by cost controls and a recovery in its coal chemical business. The broker anticipates a slight increase in mainland coal prices in 2026, driven by expected overseas supply disruptions and rising import prices. Although EPS forecasts for this year and next year were slightly reduced, the target price was raised from HKD17.5 to HKD17.7.