YAL has surged in recent weeks, jumping 13.3% on Monday to become the top performer on the main board. We’ve generally not been a fan of this complex, primarily Chinese owned dividend play but its rewarding investors in 2026. The stock initially fell ~10% in February after it reported a drop in annual net profit due to lower coal prices and an underwhelming dividend, but the recent lift in the underlying coal price has put a rocket under the stock.
- We are bullish towards coal through 2026, so YAL is likely to follow suit.