Daiwa: Yanzhou Coal Mining (01171.HK) preliminary second quarter performance meets expectations, reiterates "buy" rating.

Zhixin Finance APP learned that Morgan Stanley released a research report stating that Yankuang Group Energy (01171.HK) is expected to achieve a year-on-year increase of 53% in net profit in the first half of 2026 to 7.2 billion yuan, in line with the bank's expectation of 7.16 billion yuan. After deducting non-recurring gains and losses, the half-year recurring profit is expected to increase by 2% to 4.5 billion yuan. This means that its second-quarter net profit is expected to increase by 74% year-on-year to 3.2 billion yuan. Morgan Stanley reiterated its "overweight" rating on Yankuang Group Energy, with an H-share target price of 15.6 Hong Kong dollars remaining unchanged.