Performance Pressured by Global Price Decline, Check Analyst Recommendations

Reza Fahmi, Head of Business Development Division at Henan Putihrai Asset Management (HPAM), sees the decline in coal prices triggered by renewable energy policies and carbon emission reductions that decrease demand. 

"The prospect of coal prices is expected to remain under pressure in the short to medium term, and could even continue the downward trend until the end of 2024 and 2025," Reza told Kontan.