South Gobi (01878.HK) operating profit in the first quarter was US$32.1 million
South Gobi (01878.HK) announced that the company recorded operating profit of US$32.1 million in the first quarter of 2024 and US$27.9 million in the first quarter of 2023. Earnings for the first quarter of 2024 were $82.2 million, compared to $61.8 million for the first quarter of 2023. Financial performance was affected by increased sales due to the expansion of the sales network and diversification of the customer base.
SouthGobi's Improved Operations Boost Exports
SouthGobi Discloses Q1 2024 Financials
SOUTHGOBI: SOUTHGOBI ANNOUNCES UNAUDITED FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS
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
Hong Kong Stock Concept Tracking | Expectations are about to drive demand for coal to drive coal prices to rebound at the bottom of the summer season (with concept stocks)
The Zhitong Finance App learned that last week, the coal market showed a strong upward trend. The spot price of thermal coal in ports rose 31 yuan/ton month-on-month to close at 860 yuan/ton. Tianfeng International believes that the recent month-on-month rise in thermal coal prices is due more to supply-side contraction. Meanwhile, on the port side, downstream inquiries have gradually increased, and some demand for bottom checks has been released, giving port traders a strong will to raise prices. Considering entering the peak season for traditional thermal coal, Dongwu Securities analysts believe that coking coal prices will follow the rise in thermal coal prices, but thermal coal prices are more flexible, which is the first driving force for highly elastic coal targets. Related Targets: South Gobi (01
SouthGobi Amends Terms for Flexible Debt Repayment
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.
SouthGobi to Unveil Q1 Financials
SouthGobi Announces Date of Board Meeting
South Gobi (01878.HK) board of directors will approve quarterly financial results on May 14
Gelonghui, May 2, 丨 South Gobi (01878.HK) announced that the board of directors of the company will approve the financial results of the company and its subsidiaries for the quarter ended March 31, 2024 on May 14, 2024. These results will be announced on May 14, 2024.
南戈壁:董事會會議召開日期
SouthGobi Postpones Major Payment Obligation
South Gobi (01878) and its subsidiary sign a new deferred payment agreement with JDZF
Zhitong Financial App News, South Gobi (01878) announced that on April 30, 2024, the company and its subsidiaries Southgobi Sands LLC and SGQ Coal Investment Pte. Ltd. entered into a new deferred payment agreement with JDZF (April 2024 deferred payment agreement). JDZF agreed to allow the company to defer payment of the remaining $1.1 million in kind interest due on the convertible bonds on November 19, 2022 (November 2022 physical interest). The payment was made in accordance with November 2022
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.
SouthGobi Announces Arrangement of Electronic Dissemination of Corporate Communications
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