Yanzhou Coal Mining wins steadily

Despite of declining US market, a lot of red chip state-owned enterprises rebounded after opening low. Besides two petrol-chemical stocks. Yanzhou Coal Mining. (1171) enjoys outstanding performance and is worth of being followed at HK$2.5. It will have opportunity to touch HK$2.6 to HK$ 2.7 and stop loss level is set at HK$ 2.3. According to Solomn Smith Barney, coal price in Q1 in mainland rose by 3% compared with the same period of last year and so did on hand orders. Production volume of acquired coal mining was higher than expectation. It would be safety to invest rebounding state-owned enterprises.

Related stock : (1171)