Coal stocks generally rose, Yancoal Aus (03668) rose 3.16%, China Coal Energy (01898) rose 2.89%, Kinetic Dev (01277) rose 2.68%, China Qinfa (00866) rose 2.6%, and China Shenhua Energy (01088) rose 1.42%.
On the news front, Open Source Securities stated that since July 2024, the coal sector has experienced a significant pullback. During this period, major shareholders and executives have successively disclosed their shareholding plans, demonstrating their recognition of the company's long-term investment value and their confidence in the company's future sustained and stable development. This also indicates that the bottom of coal value recognized by industrial capital may be approaching. Coal still has dual logic of high dividend yield and cyclical elasticity.
Guosen Securities stated that the coal sector has a strong certainty of performance, abundant cash flow, and generous dividends. Currently, thermal coal is on an upward trend, and high-quality thermal coal leading enterprises can be actively observed.
