Intersting article from http://chinavestor.com the online china stock research company. This is from the February Newsletter regarding YZC. <o:p></o:p>
One of our favorite stocks for February is Yanzhou Coal Mining Co. (YZC). The company is expected to report between April 16-26 but preliminary numbers and news suggest a positive surprise. We have seen very substantial institutional accumulation of YZC shares in Hong Kong. Also, rising spot prices for coal are a good catalyst for positive results. The average spot price of coal is likely to rise 5 percent in 2007, and since YZC sells about 48% of its output at spot prices, the rising price benefits the company. Also, earlier this month, coal producers and power plants agreed to lift coal prices this year by an average of 30 yuan per ton, or around 10 percent. Shares in listed coal firms have soared in January on improved prospects for coal prices, but we think YZC has even more room to grow...<o:p></o:p>
$45.52 (02/05/07)
