Balanced Portfolio Recommendation: SELL take profit Yancoal (YAL)
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Yancoal has delivered their quarterly update overnight. This has seen the price rally to $5.75 (+19%)
Despite the geopolitical pressure, the Timor approval and WDS merger talk, STO has struggled to fund a bid. Conversely, the recent coal import numbers from China showed a 35% increase in coal imports
A recent rally in the underlying coal price and broker upgrades for Stanmore have seen consensus price targets shift to around $4, We are generally bullish the energy sector and see SMR as a short term buy with a 10% trailing stop