Express News | Shanghai Electric and Inner Mongolia Autonomous Region deepen win-win cooperation between government and enterprise
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.
Mongolia Energy (00276.HK): MoEnco has sent a letter of complaint to the Inland Revenue Department objecting to the Inland Revenue Department's request to pay the new supplementary tax immediately
Gelonghui, May 7, 丨 Mongolian Energy (00276.HK) announced that the Mongolian Taxation Bureau requires the company to pay the new supplementary tax on or before May 6, 2024. If MoEnco does not comply with payment requirements, the Inland Revenue Department can take action. Such actions include freezing Mongolian bank accounts, assets, and revenue, and forfeiting cash held and/or held by MoEnco. After considering the financial resources immediately available to the Group, and if the Mongolian government insists on immediate payment of the new supplementary taxes, this will adversely affect the Group's financial position and operations. MoEnco has today sent a letter of complaint to the Inland Revenue Department against the Inland Revenue Authority
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.
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.
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.
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?
Demand is weak! The spot price of thermal coal fell 15% in the past two months, and the Hong Kong stock coal sector fell collectively
① The coal sector of Hong Kong stocks fell collectively. What are the downsides worth paying attention to? ② Port thermal coal spot fell by more than 100 yuan in the past two months. How do institutions view coal price trends?
Debon Securities: Coal supply declined in March, focus on the pace of subsequent economic recovery
Steady economic recovery and large-scale equipment upgrades are expected to support coal demand.
Express News | Guohai Securities: Reduce short-term fluctuations in coal prices and grasp the value attributes of the coal industry
Intraday Overview | The three major indices fell sharply. Technet stocks and auto stocks collectively declined, and NIO plummeted more than 10%
As of press release, the Hang Seng Index was down 1.58%, the China Index was down 2.4%, and the China Index was down 1.38%.
Express News | Great Wall Securities: Focus on the three main investment lines in the coal industry
China to Establish Coal Capacity Reserve System by 2027
China vowed to set up a coal capacity reserve system by 2027, aiming to secure energy security through more flexible coal supplies, according to plans the country released Friday.
Express News | Two departments: By 2027, initially establish a coal production capacity reserve system to form a certain scale of schedulable production capacity reserves
Express News | Guotai Junan: Coking coal prices may have bottomed out in April, and there is a possibility of a reversal in the second half of the year
Express News | CITIC Securities: Short-term coal sector may pick up amid shocks
Express News | China Construction Western Construction Research Institute won the bid for Inner Mongolia Energy Group's ultra-high strength concrete pipe sheet production project
The head of the brokerage firm chanted “head-on”: coal surpasses Maotai, “Maotai is just an illusion of consumption upgrading; the belief in coal is being established”
The cycle sector is in full swing. After the “10,000 People Conference” was held at the brokerage conference, some brokerage analysts called out: coal surpasses Maotai.
Guotai Junan: Coking coal prices may reach the bottom zone in 24 years, and there is a possibility of a “V” reversal
After experiencing 7 rounds of price cuts, the profits of independent coking companies across the country according to MySteel have dropped to -155 yuan/ton. Many companies have been forced to limit production by smoldering, and the resistance to continued steel price cuts is strong. It is expected that coke prices will basically reach the bottom.
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