BUZZ-Coal miners: HSBC sees coal prices rising

** HSBC sees coking and thermal coal prices raising by 12-15 pct, viewing a disciplined supply in the commodity due to China's supply reforms as a main catalyst

** The impact of China's supply reforms is clearly structural, HSBC adds and expects the reforms "to influence the internationally traded coal markets"

** Supply/demand will be tighter in China and seaborne market for longer - per broker

** Outside China, uncertainty around coal as an energy source has partly been mitigated by new production capacity constraints and industry consolidation - per broker

** HSBC adds that in some instances coal valuations have doubled and names Anglo American (LSE: AAL.L - news) , BHP, Glencore (Amsterdam: GX8.AS - news) , South 32 are Exxaro as the most committed to coal

** Broker upgrades Anglo American to "buy" after recent share price weakness & substantially raises its TP

** HSBC also raises TPs for: BHP, GLEN, S32, African Rainbow Minerals, Assore, EXX and Kumba Iron Ore (Other OTC: KIROY - news)

** Anglo American joins Glencore (Frankfurt: 8GC.F - news) as HSBC top picks in the sector