CMC Markets’ Chief Market Strategist, Michael McCarthy likes Whitehaven Coal (WHC), stating that it looks attractive on valuation. “It’s a controversial industry, and not on every investors radar. However for those who believe demand will continue for the cheaper energy source, WHC is worth considering,” he says.
“At its half year result announcement last week, it unveiled a 19% profit lift and a special dividend. Its higher grade of thermal coal also makes it a better choice,” he adds.