Best Thermal Coal Stocks for 2026
Thermal coal miners face energy-transition demand pressure in developed markets even as Asian import demand continues, so low multiples carry a Health-pillar check.
Thermal Coal producers earn revenue on production volume at realised prices net of mining costs, with structural demand pressure from the energy transition in developed markets and continuing import demand from Asia. Composite scoring uses the Valuation pillar (low headline multiples) with the Health pillar gating names heading into a trough overleveraged.
Data as of (updated daily)
Top 20 Thermal Coal stocks by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | 1229.HK | Nan Nan Resources Enterprise Ltd | 74.1 |
| 2 | 002128.SHE | Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia | 72.3 |
| 3 | 601001.SHG | Jinneng Holding Shanxi Coal Industry Co Ltd | 68.6 |
| 4 | MYOH.JK | Samindo Resources Tbk | 68.0 |
| 5 | DWGL.JK | Dwi Guna Laksana Tbk PT | 66.4 |
| 6 | 1303.HK | Huili Resources Group Ltd | 65.6 |
| 7 | CNKO.JK | Exploitasi Energi Indonesia | 65.0 |
| 8 | ITMG.JK | Indo Tambangraya Megah Tbk | 64.9 |
| 9 | 601898.SHG | China Coal Energy Co Ltd | 64.5 |
| 10 | 900948.SHG | Inner Mongolia Yitai Coal Co Ltd | 64.2 |
| 11 | 601225.SHG | Shaanxi Coal Industry Co Ltd | 63.4 |
| 12 | BSSR.JK | Baramulti Suksessarana Tbk | 62.9 |
| 13 | 1733.HK | E -Commodities Holdings Ltd | 62.7 |
| 14 | MCOL.JK | Prima Andalan Mandiri Tbk PT | 62.3 |
| 15 | YAL.AU | Yancoal Australia Ltd | 62.2 |
| 16 | 603071.SHG | ZJMI Environmental Energy Co. Ltd. | 60.5 |
| 17 | 1898.HK | China Coal Energy | 60.1 |
| 18 | 600546.SHG | Shanxi Coal International Energy Group Co Ltd | 60.0 |
| 19 | PTBA.JK | Bukit Asam Tbk PT | 59.9 |
| 20 | AADI.JK | Adaro Andalan Indonesia Tbk | 59.8 |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by composite score; use the screener for the full ranked list.