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Mongolia Energy (00276.HK) held a board of directors meeting on November 25th to approve the mid-term performance.
Gelonghui November 11th | Mongolia Energy (00276.HK) announced that the company will hold a board of directors meeting on November 25, 2024 (Monday), aiming to approve the interim performance of the company and its subsidiaries for the six months ending September 30, 2024, and its release, as well as handling any other matters (if any).
MONGOLIA ENERGY: DATE OF BOARD MEETING
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.
Express News | Stabilizing supply and demand, the coal industry is expected to rebound from the bottom.
Express News | Citic Securities: The coal sector may enter a new round of short-term rebound.
The overall net profit of the top three coal 'four heavenly kings' declined in the first three quarters, while the net profit of 'number one brother' Shenhua doubled quarter-on-quarter in Q3. | Interpretations
① Due to the downward impact of coal prices, the performance of coal listed companies in the first three quarters generally declined, but there was differentiation in Q3 performance; ② The industry generally believes that after bottoming out, the future trend of coal prices is expected to rebound, but the extent of the increase is limited.
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