Coal prices are rebounding or being suppressed! Production declined markedly in the first 4 months, and expectations for increased coal production in Shanxi are heating up
In the first four months of this year, there was a significant year-on-year decline in coal production capacity in the Shanxi region. Combined market prices dropped more than in the same period last year, and the profitability of some listed companies in the coal industry in Shanxi declined markedly. Meanwhile, under the annual coal production capacity task in Shanxi Province, the industry expects coal production in Shanxi Province to increase starting in May.
Haitong Securities: 24Q1 performance is under pressure, coal may still fluctuate and adjust in the short term
Currently, the prices of thermal coal and coking coal have both entered the bottom fluctuation range, but the upward trend is yet to be further boosted by the demand side.
Express News | GF Securities: Coal prices continue to rise, supply and demand are improving steadily, and valuation flexibility can be expected
Grand Ocean Advanced Resources Reports Valuation of Stake in Laos Copper Mine
Grand Ocean Advanced Resources (HKG:0065) said the market value of its 51% equity interest in Lao-China International Mining Sole, which holds a 51% stake in a copper mine in Ban Ao Village, Laos, was
Tianfeng International: What are the future expectations of the coal price increase industry?
Regarding the recent month-on-month rise in thermal coal prices, it is mostly due to supply-side contraction. Coking companies have maintained a strategy of low inventory for a long time. Currently, coking coal stocks are at their lowest level in nearly 5 years.
Coal prices fluctuated weakly in Q1, with net profit from coal companies falling mainly year-on-year
It is expected that the relationship between coal supply and demand will be difficult to further relax in 2024. With the arrival of the peak summer season, there is little room for further decline in domestic coal prices; moreover, there are still marginal improvements in economic stabilization policies such as real estate and infrastructure in the later stages, and demand for coal is very rigid.
Intraday Overview | Hong Kong stock trends diverge, high dividend concept carnival; domestic housing stocks skyrocketed, Shimao Group rose more than 50%
The Hong Kong Stock Exchange rose more than 6%. Reports say Hong Kong Stock Connect's dividend tax may be reduced, and the listing of Saudi companies in Hong Kong is just around the corner.
Guojin Securities: The first rise in coal prices in the beginning of the year is expected to pull back slightly in May after the off-season catalyzed by port storage
After the off-season coal prices fell under pressure in March-April, coal prices in the port market are expected to bottom out in May, but the increase is limited. Judging from the 1-2 M24 coal price fluctuation experience, whether the port can successfully go to storage is an important condition for whether market coal prices can recover after the off-season.
Express News | Honghai Hi-Tech Resources once rebounded by more than 40% and plummeted by more than 80% at the end of the last trading day
Changes in Hong Kong stocks | Honghai Hi-Tech Resources (00065) rebounded by more than 45% and plummeted by more than 80% at the end of the previous trading day. The company confirmed that it did not know what caused the stock price fluctuation
Honghai Hi-Tech Resources (00065) crashed and plummeted at the end of the last trading day, closing down 81% on the same day. The stock rebounded more than 45% in early trading. As of press time, it had risen 32.08% to HK$0.14, with a turnover of HK$145.325 million.
I don't know the reason for the abnormal fluctuation in Honghai Hi-Tech Resources (00065.HK) stock price
On April 30, Gelonghui | Honghai Hi-Tech Resources (00065.HK) issued an announcement. The board of directors of the company noticed unusual fluctuations in the stock price and trading volume of the company's shares recently. After making all reasonable inquiries about the company in the relevant circumstances, the Board confirmed that it was unaware of any reason for the share price or trading volume fluctuations, or any information that must be published to avoid false markets in the company's securities, or any insider information required to be disclosed under Part XIVA of the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong. The company also confirmed that the business operations and financial situation of the company and its subsidiaries were not serious
A number of G7 officials broke the news: an agreement will soon be reached on phasing out coal by the early 2030s
According to several Western officials, the Group of Seven (G7) has agreed to phase out coal by the early 2030s, which is a key milestone for these economies seeking to switch to more sustainable fuels.
Grand Ocean Advanced Resources Swings to Fiscal 2023 Loss
Grand Ocean Advanced Resources (HKG:0065) incurred an attributable loss of HK$23.7 million in 2023, as compared to an attributable profit of HK$10.2 million during the year-ago period, according to th
弘海高新資源:年報2023
Debon Securities: 24Q1 coal industry fund holdings increased slightly month-on-month, low allocations expanded month-on-month
In Q1 2024, the coal industry had excellent market performance, outperforming the Shanghai Composite Index by a large margin. It had both excess and absolute returns, and ranked third in the growth rate of Shenwan's Tier 1 industry.
Grand Ocean Advanced Resources Forays Into Copper Mining
Grand Ocean Advanced Resources (HKG:0065) indirect subsidiary Big Wish Global agreed to acquire Thaisan Jiujiu Investment Laos Trade for 40 million yuan, according to a Tuesday filing with the Hong Ko
Changes in Hong Kong stocks | Honghai Hi-Tech Resources (00065) rose more than 5% to acquire all shares of Taishan Jiujiu Investment in Laos for 40 million yuan
The Zhitong Finance App learned that Honghai Hi-Tech Resources (00065) rose by more than 5% and rose 5.66% at press time to HK$0.56, with a turnover of HK$4.7 million. According to the news, the company issued an announcement. On April 22, 2024, Hongyuan Global (an indirect wholly-owned subsidiary of the company, as the buyer) entered into a sales agreement with the seller. Hongyuan Global conditionally agreed to buy and the seller conditionally agreed to sell the shares for sale (equivalent to all shares of the target company, Laos Taishan Jiujiu Investment), at a cost of RMB 40 million (equivalent to about HK$43.26 million). After the acquisition was completed, the target was announced
A quick overview of the Hong Kong market | Hong Kong stocks are rising across the board! The Tech Index surged more than 3%, Kuaishou surged nearly 9%, and Meituan rose nearly 8%
Many biotech stocks rose; Lai Kai Pharmaceutical rose nearly 13%, Kangfang Biotech rose nearly 6%; gold stocks declined, Lingbao Gold fell nearly 4%, and Zijin Mining fell more than 3%.
The fund manager who added coal was embarrassed! The first quarter results of many coal stocks experienced “Waterloo”
On the one hand, stock prices are rising and institutions are optimistic; on the other hand, performance is declining and coal prices are falling. Can coal stocks still be used as a starting point?
Honghai Hi-Tech Resources (00065) plans to acquire all shares of Taishan Jiujiu Investment in Laos for 40 million yuan
Honghai Hi-Tech Resources (00065) announced that on April 22, 2024, Hongyuan Global (an indirect wholly-owned subsidiary of the company, as the buyer) entered into a sales agreement with the seller. Hongyuan Global conditionally agreed to buy and the seller conditionally agreed to sell the shares for sale (equivalent to all shares of the target company Taishan Jiujiu Investment in Laos) at a cost of RMB 40 million (equivalent to approximately HK$43.26 million).
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