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HK stock unusual movement | Coal stocks collectively decline, institutions indicate limited downside space for thermal coal prices, coke may maintain narrow range volatility
Coal industrial concept stocks collectively lower, as of the time of publication, Mongolia Energy (00276) fell by 9.59%, closing at 0.66 Hong Kong dollars; Mongol Mining (00975) fell by 5.61%, closing at 8.58 Hong Kong dollars; Yankuang Energy (01171) fell by 4.21%, closing at 9.79 Hong Kong dollars; China Coal Energy (01898) fell by 2.62%, closing at 9.29 Hong Kong dollars; China Shenhua Energy (01088) fell by 2.24%, closing at 32.75 Hong Kong dollars.
Hong Kong stocks fluctuate | Coal stocks widen losses in the afternoon, coal companies' performance in the third quarter is expected to hit bottom, winter coal prices may remain at a certain high level.
Coal industrial concept stocks widened their losses in the afternoon, with China Coal Energy (01898) falling by 4.22% to HKD 9.54; China Shenhua Energy (01088) falling by 2.9% to HKD 33.5; Yankuang Energy (01171) falling by 2.68% to HKD 10.18; Mongol Mining (00975) falling by 2.58% to HKD 9.06.
Shanxi Securities: It is expected that there is limited room for the winter coal price to fall, focusing on stable high-dividend varieties and metallurgical coal.
In the fourth quarter, the increase in coal supply is limited, with seasonal hydropower and new energy output decreasing. The overall coal supply and demand are expected to maintain a relatively balanced state under negotiation.
Express News | Stabilizing supply and demand, the coal industry is expected to rebound from the bottom.
[Brokerage Focus] First Shanghai initiates a buy rating on Yankuang Energy (01171), expecting the company's full-year coal chemical projects to turn losses into profits.
Jingu Finance | First Shanghai issued research guidance, Yankuang Energy (01171) achieved revenue of 106.6 billion yuan in the first three quarters, a year-on-year increase of 21.5%; achieved a net income attributable to the mother of 11.4 billion yuan, a year-on-year decrease of 27%; non-recurring net income attributable to the mother was 110.5 yuan, a year-on-year decrease of 22.5%. In the third quarter Q3, revenue reached 34.32 billion yuan, a quarter-on-quarter decrease of 15.5%/+5%; net income attributable to the mother was 3.84 billion yuan, a quarter-on-quarter decrease of 15.63%/+0.7%, the company's slight increase in net income in the quarter is mainly due to the average price of 5500K coal in the Qinhuangdao market being 852.5 yuan/ton in Q3, unchanged from Q2.
Express News | Citic Securities: The coal sector may enter a new round of short-term rebound.
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