Huatai Securities: Conflict between Iran and Israel may drive coal prices rebound.

Huatai Securities research report stated that there is a price linkage between oil and coal. If the conflict between Iran and Saudi Arabia continues, coal prices are expected to rebound. In the current market with pessimistic expectations for coal prices, we believe that the rebound in prices offers a combination of probability and risk opportunities. We still recommend focusing on leading companies in the thermal coal industry that have low valuations, high dividends, and a safety cushion, in order to secure short-term event-driven returns.