HK Stock Market Move | YANCOAL AUS (03668) rose by more than 3% again, with a 3% increase in equity coal sales in the fourth quarter of 2024. The company's year-end dividend has potential for further growth.

YANCOAL AUS (03668) rose more than 3%, reaching 2.33% as of press time, reporting 30.7 Hong Kong dollars, with a turnover of 132.691 million Hong Kong dollars. In terms of news, YANCOAL AUS announced that in the fourth quarter of 2024, based on 100% basis, the raw coal output was 17.3 million tons, a decrease of 1% compared to the previous quarter, and a decrease of 4% year-on-year. The production of saleable coal was 13 million tons, a decrease of 2% compared to the previous quarter, and an increase of 1% year-on-year. The equity saleable coal output was 9.7 million tons, a decrease of 5% compared to the previous quarter, and remained flat year-on-year. Equity coal sales volume was 10.4 million tons, a 3% increase year-on-year. The average coal sales price was 176 Australian dollars per ton, a 10% decrease year-on-year. CICC released a research report stating that in 2024, the actual equity saleable coal output of the company was 36.9 million tons, within the guidance range of 35-39 million tons; the annual cash operating cost guidance was 89-97 Australian dollars per ton, and the company is expected to have actual costs around the middle value of the range. In addition, the company expects the actual capital expenditure for the year to be in the lower half of the guidance range of 6.5-8.0 billion Australian dollars. Focus on year-end dividends. In 2024, the company did not pay out a mid-term dividend. Considering the company's ample cash position, the bank believes that there is potential for an increase in the year-end dividend and recommends continuous monitoring of dividend payment matters.