Yankuang Energy (01171) is now up nearly 4%. As of press release, it is up 3.39% to HK$10.38, with a turnover of HK$0.15 billion.
The Zhitong Finance App learned that Yankuang Energy (01171) is now up nearly 4%. As of press release, it has risen 3.39% to HK$10.38, with a turnover of HK$0.15 billion.
Orient Securities pointed out that Yankuang Energy is rich in coal reserves and has an asset layout at home and abroad. By the end of 2023, the company's approved coal production capacity was 0.23 billion tons/year, and the production capacity under construction was 11.8 million tons/year. The Group's coal mines are expected to be injected into listed companies in the future. The company sold 0.127 billion tons of coal in '23, down 6% from the previous year. The company plans to produce 0.14 billion tons of commercial coal for the whole of '24. The company's Changxie accounts for only 26% of sales, and has high profit elasticity.
Guotai Jun An pointed out that the restructuring of the coal sector's valuation is underway. The reaction behind it is not only profound changes in the coal industry's supply and demand structure, gradual “utilitariization”, but also reflects the investment strategy problem where high-dividend assets are more favored by the market in the context of scarce assets and a downward trend in risk-free returns, recommending high-quality leaders with high profit stability and predictability of profits.