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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.
Hong Kong Stock Afternoon Review | The Hang Seng Index rose slightly by 0.19%, home appliance stocks and coal stocks strengthened, Haier Smart Home rose more than 8%, and Yankuang Energy rose more than 5%
The trend of science and network stocks was divided. Baidu rose nearly 2%, JD fell nearly 2%; shipping stocks rose more than 6%; COSCO Marine Holdings rose more than 6%, and Orient Overseas International rose nearly 5%.
Changes in Hong Kong stocks | Yankuang Energy (01171) rose more than 4%, leading the way, coal stocks, and coal companies reported poor quarterly reports, and subsequent quarterly results may improve sequentially
Coal stocks rose collectively. As of press release, Yankuang Energy (01171) rose 4.48% to HK$17.24; China Coal Energy (01898) rose 3.63% to HK$7.99; China Shenhua (01088) rose 3.27% to HK$33.2; and Yankuang Australia (03668) rose 1.25% to HK$28.4.
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.
兗煤澳大利亞:2023年度報告
Anxin International: Maintaining Yancoal Australia's (03668) “Buy” Rating Target Price of HK$34.78
The Zhitong Finance App learned that Anxin International released a research report stating that it maintains Yancoal Australia's (03668) “buy” rating, with a target price of HK$34.78. The bank believes that the company's production will recover further this year, and profit margins will remain at a relatively good level. For the company's 2024/2025 EPS forecast, the target price is HK$1.05/1.04, and the target price is HK$34.78, respectively. Anxin International's main opinion is as follows: coal production rose sharply year on year in the first quarter, and declined from month to month. The company's commercial coal equity output in the first quarter of 2024 was 8.8 million tons, a sharp increase of 49% over the previous year.
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