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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.
shougang res equity [02995] now reported at HK$0.17, a decrease of 11.46%.
As of 09:32, shougang res equity [02995] reported a stock price of 0.17 Hong Kong dollars, down 0.022 Hong Kong dollars or 11.46% from the previous closing price of 0.192 Hong Kong dollars, with a turnover of 0.002 million Hong Kong dollars. The highest price today is 0.192 Hong Kong dollars, the lowest price is 0.17 Hong Kong dollars. Based on the closing price from yesterday, the 10-day average price is 0.00 Hong Kong dollars, the 50-day average price is 0.00 Hong Kong dollars. The current P/E ratio is 0.00 times, and the 14-day relative strength index is 0.00.
Morgan Stanley fund: What is the logic behind the coal rebound?
Morgan Stanley fund published an article stating that since late September, various national ministries and commissions have intensively proposed a series of measures to expand the mmf, stabilize the stock market, and support the real estate market, greatly boosting market confidence.
citic sec: Coal prices are expected to remain stable, and the sector is expected to further rise.
Demand benefited from the start of winter storage in the north, while the demand from non-electric and station traders also remained stable, but compared to the pre-holiday stockpile intensity, it has slightly weakened, leading to some coal mines offering slightly lower prices.
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