Australia's Whitehaven Coal cost woes offset asset sale gain, Citi cautious
** Analysts at Citi are cautious about the forecast for Whitehaven Coal WHC.AX despite a successful Queensland mine $1.1 bln stake sale, as the Australian miner faces higher costs and potentially lower earnings in near term
** WHC, on Thursday, provided FY25 guidance where it flagged higher-than-expected costs, while reporting an 87% slump in FY24 underlying net profit
** Citi says aggregate group cost guidance of A$140 to A$155 per ton is higher than brokerage's pre-sell-down FY25 forecast of A$134 per ton
** In Queensland, near-term focus is to improve rail reliability at Daunia mine, rebuild blasted inventory stocks & pre-strip at Blackwater mine - Citi
** Citi cuts WHC PT to A$8.30 from A$8.90, keeps neutral rating on stock
** Brokerage Jefferies says WHC's 30% sale of Blackwater
for $1.08 bln beat market expectations on quantum and price received
** Stock up 2.8% so far this year, as of last close
Reporting by Roushni Nair in Bengaluru
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