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Does MM still like Whitehaven Coal (WHC)?

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Question asked

Does MM still like Whitehaven Coal (WHC)?

With continuing softness of energy demand and prices WHC is dropping close to $7 Would MM buy hold or sell ?

Answer

Hi John,

We’ve mentioned WHC a few times this week including a brief re-visit in the Thursday morning report. If you visit the Whitehaven (WHC) page on the website here you’ll be able to always instantly see our viewpoint towards a stock.

We remain long and bullish WHC and if we had no position we would be accumulating into current weakness in the $7 region. As we said on Thursday:

  • We believe WHC’s average price through the remainder of 2023 will be significantly above $7 while the stock yields ~10% fully franked.
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Whitehaven Coal (WHC)
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