Treasure Chest | 3:37 PM
FNArena's Treasure Chest reports on money making ideas from stockbrokers and other experts. Today's idea is 'Whitehaven Coal'.
By Danielle Ecuyer
FNArena's Treasure Chest reports on money making ideas from stockbrokers and other experts.
Whose Idea Is It?
Morgan Stanley
The subject:
Whitehaven Coal ((WHC)).
While hopes for a peace settlement in the Middle East war and easing energy supply pressures persist, Morgan Stanley has become the latest broker to upgrade thermal coal price forecasts, driven by ongoing gas-to-coal switching in Japan, Korea, Taiwan and Europe amid the relative price advantage over gas.
More info:
Morgan Stanley has joined Macquarie and UBS in adopting a far more upbeat outlook on thermal coal, particularly as uncertainty lingers over the extent of the energy supply shock emanating from war in the Middle East.
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