Yancoal Australia Stock: EBITDA Miss And Shareholder Stake Reduction (OTCMKTS:YACAF)

News Snapshot:

CUHRIG Elevator Pitch My rating for Yancoal Australia Ltd (OTCPK:YACAF) [YAL:AU] [3668:HK] stock is a Hold now. I previously touched on the outlook for Yancoal Australia's operations in China and the company's net cash balance sheet in my December 16, 2023 initiation article. In this update, I review Yancoal Australia's recently announced fiscal 2023 results. My decision is to lower my rating for Yancoal Australia from a Buy to a Hold after taking into account its FY 2023 EBITDA miss, its unexciting FY 2024 earnings growth prospects, and the potential share sale by a shareholder. But I have stopped short...