** Citi highlights coal miner New Hope NHC.AX solid 1H results, driven by ramp-up of New Acland and lower cash costs, despite a softening in thermal coal prices
** Brokerage maintains a "buy" rating but lowers target price to A$5.30 from A$5.50
** However, Citi also notes NHC's outlook for FY25 remains unchanged except for revised down sustaining capex for Bengalla mine, with earnings down 6%/15% on reduced thermal coal prices
** Jefferies echoes similar sentiments, applauding NHC's implementation of A$100 mln buyback and a 19 Australian cents/share dividend, showcasing financial strength despite market conditions
** Brokerage reiterates "hold" rating with a revised down TP to A$4.60 from A$4.70, and views NHC as attractive exposure to the thermal coal market with growth opportunities
** 2 of 6 analysts rate the stock "buy" or higher, 3 as "hold" 1 as "sell"; their mean PT is A$5.04 – LSEG data
** Stock down 18.8% YTD as of the last close
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。