01171 YANKUANG ENERGY
- 19.200
- -0.440-2.24%
YANKUANG ENERGY News
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.
Strong inflow of foreign capital is another trend vane: Middle Eastern tycoons increase their presence in China, and multinational sovereign wealth funds continue to lay out A-shares
① The Abu Dhabi Investment Authority and the Kuwait Investment Authority held a large number of A-share listed companies in the first quarter; ② the Middle East Sovereign Fund also stepped up research on A-shares ③ Other overseas sovereign wealth funds are increasing their layout in the Chinese market.
Hong Kong stocks with high interest rates are going crazy again
One child fell, full of life
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.
The benefits are frequent! Hong Kong stocks with high dividend stocks have collectively exploded. What do you think of the subsequent market?
CICC believes that if the Hong Kong Stock Connect dividend tax relief is implemented, it is expected to further boost the enthusiasm of mainland investors to invest in Hong Kong stocks, especially in high-dividend-related sectors, boost sentiment in the short term, and help improve the liquidity of the Hong Kong stock market in the long term.
Hong Kong Stock Afternoon Review | The Hang Seng Index and China Index rose nearly 2%; domestic housing stocks and insurance stocks rose sharply, Shimao Group rose more than 58%, and China Taibao rose more than 8%
Technology Network stocks had mixed ups and downs. Kuaishou fell nearly 3%, and Ali rose more than 1%; bank stocks generally rose, and CCB and Agricultural Bank rose more than 6%.
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.
Changes in Hong Kong stocks | Coal stocks rose higher in early trading, China's Shenhua (01088) rose more than 4%, and the investment value of leading coal companies continued to rise, highlighting the investment value of leading coal companies
The Zhitong Finance App learned that coal stocks rose in early trading. China Shenhua (01088) rose 4.36% to HK$35.9; Yankuang Energy (01171) rose 3.73% to HK$19.48; and China Coal Energy (01898) rose 3.55% to HK$8.76. According to the news, it was recently reported that domestic regulators are considering reducing the 20% income tax that mainland individual investors need to pay when receiving dividends when investing in Hong Kong listed companies through Hong Kong Stock Connect. CICC believes that if the Hong Kong Stock Connect dividend tax exemption is implemented, it is expected to further boost mainland investors's interest in Hong Kong stocks, particularly
Hong Kong stocks and coal stocks strengthened
Gelonghui, May 10 | Yankuang Energy rose more than 4%, China Shenhua and China Coal Energy both rose nearly 4%, and Power Development increased nearly 5%.
The energy sector of Hong Kong stocks boosted; CNOOC and Yankuang Energy rose more than 3%, while China Coal Energy and CNPC shares rose more than 2%.
The energy sector of Hong Kong stocks boosted; CNOOC and Yankuang Energy rose more than 3%, while China Coal Energy and CNPC shares rose more than 2%.
Big Bank Rating | UBS: Yankuang Energy's “neutral” rating downgraded annual profit estimates for 2024-26
Glonghui, May 8 | UBS published a research report showing that Yankuang Energy's profit after tax in the first quarter decreased by 41.85% year-on-year to about 3.757 billion yuan. Coal prices remained high during the period, and the company's profit reached only 18.5% of the market's annual forecast. The report mentioned that the Group's average sales price for self-mining in the first quarter was 676 yuan per ton, which meant a decrease of 11.4% from quarter to quarter. The bank believes that the larger decrease in average sales price than expected was mainly due to changes in the group's product structure during the period. The bank lowered the Group's annual earnings estimates from 2024 to 26 by 15%, 12%, and 10%, to reach 16.741 billion and 15 respectively
Yankuang Energy (01171.HK) plans to repurchase and cancel 1,401.18 million restricted shares
Gelonghui, May 8, 丨 Yankuang Energy (01171.HK) issued an announcement on the implementation of partial restricted stock repurchase and cancellation. Since 16 incentive recipients of the company's 2021 A-share restricted stock incentive plan did not meet the incentive conditions due to job transfers, etc., the performance assessment results of 2 incentive recipients were “unqualified”, and the performance assessment results of 4 incentive targets “met the standards”. The performance assessment results of the 4 incentive targets were “met the standards”.
Yankuang Energy (01171): Repurchase and cancel 1,401.18 million restricted shares
Yankuang Energy (01171) issued an announcement in view of the company's 2021 A-share restricted stock incentive plan with 16 incentives...
A quick look at the Hong Kong market | Most of Kewang stocks and domestic housing stocks declined. Xiaomi reversed the market and rose more than 6%, and Vanke fell nearly 7%
Most auto stocks declined; Xiaopeng fell more than 6%, ideally nearly 5%; coal stocks improved, China Coal Energy rose nearly 5%, and Yankuang Energy rose more than 4%; large financial stocks weakened, and CICC Securities, and Ping An of China fell about 4%.
Direct impact of changes | China Coal Energy rose more than 5% to lead coal stocks. Demand and coal prices are expected to gradually break out of the trough starting in the second quarter
Coal stocks continued to rise in early trading. China Coal Energy (01898) rose 3.92% to HK$8.48; Yankuang Energy (01171) rose 3% to HK$18.56; Shougang Resources (00639) rose 2.62% to HK$3.13; and China Shenhua (01088) rose 1.33% to HK$34.35.
The coal sector of Hong Kong stocks strengthened at the beginning of the market. China Coal Energy rose more than 2%, while Yankuang Energy and China Shenhua rose nearly 1%.
The coal sector of Hong Kong stocks strengthened at the beginning of the market. China Coal Energy rose more than 2%, while Yankuang Energy and China Shenhua rose nearly 1%.
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.
Yankuang Energy (600188.SH): The Group's coal production is expected to continue to be released in the second quarter
Gelonghui, May 6, 丨 Yankuang Energy (600188.SH) said at the 2024 first quarter results briefing that the company and its subsidiaries (“the Group”) achieved net profit attributable to shareholders of listed companies in the first quarter of 2024 of 3.8 billion yuan, a decrease of 17% over the fourth quarter. Mainly due to: ① Sales of self-produced commercial coal fell by 1.54 million tons month-on-month, and the price decreased by 87 yuan/ton month-on-month, which affected the decrease in net profit to mother. ② Prices of some chemical products rose month-on-month, and costs decreased, which affected the increase in net profit due to mother. It is expected that in the second quarter, the Group's coal production will continue to be released, and mines in Shaanxi, Mongolia and Australia will continue to be used
Yankuang Energy (600188): Scarce, continuous production capacity growth, leading coal companies, stable high dividends combined with high spot ratios highlight allocation value
Key investment points extend mergers and acquisities+endogenous growth, and the company's production capacity is expected to continue to expand. By the end of '23, the company had a production capacity of 230 million tons/year, of which domestic mines had a production capacity of 121 million tons/year; overseas mines had a production capacity of 1.09 million tons/year
Yankuang Energy (600188): Increased production and sales, and price declines greatly hampered performance
Guide to this report: Sales in the coal sector were stable in 23 years, and sales bucked the trend in 24Q1; coal chemical and power generation businesses operated steadily; maintained high dividends, and the investment value was outstanding. Investment Essentials: Maintaining an “Overweight” rating. Duke of 2023
Analysis
Price Target
No Data
