and also extimate before report release, However I think it should be already priced in a lot. still a 12% drop!
‘Poor’ Coal Outlook
China’s coal sector may show “poor” results for the third quarter, and Yanzhou’s profit is estimated to fall 32 percent from the previous three months, Helen Lau, an analyst at Uob-Kay Hian Holdings Ltd. (UOBK), wrote in an Oct. 19 note. The profit declines were due to an 18 percent drop in thermal coal prices and 15 percent decline in coking coal prices from the prior quarter, Lau said in the report.
