Guotai Junan Securities app learned that CICC International released a research report stating that it reiterated a 'buy' rating on Yankuang Energy (01171), raising the group's profit forecast for 2024 to 2026 by 4% to 13%, with the target price raised from HK$13.35 to HK$14.05. The company's net income in the third quarter dropped by 16% year-on-year, but increased by 1% quarterly. Although coal prices fell slightly, the decrease in coal production costs kept quarterly profits stable. CICC International expects Yankuang's fourth quarter profit to decrease significantly quarter by quarter, as the group typically incurs higher costs in the fourth quarter.