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Coal Industrial Concept stocks are generally declining, China Coal Energy (01898) fell by 5.64%. Institutions indicate that at the current time, the high inventory of Thermal Coal still puts pressure on coal prices.
Jinwu Financial News | Coal Industrial Concept(coal Industry) sees widespread decline, SOUTHGOBI (01878) down 8.5%, HIDILI INDUSTRY (01393) down 7.58%, CHINA QINFA (00866) down 5.93%, China Coal Energy (01898) down 5.64%, China Shenhua Energy (01088) down 3.77%, MONGOL MINING (00975) down 3.66%, SHOUGANG RES (00639) down 3.15%, YANKUANG ENERGY (01171) down 2.91%, YANCOAL AUS (03668) down 2.67%. Sealand indicated that, at this moment, with high inventory of Thermal Coal, coal prices remain.
SHOUCHENG (00697) plans to sell approximately 0.607 billion shares of SHOUGANG RES for around 1.4566 billion HKD.
SHOUCHENG Holdings (00697) announced that on December 18, 2024, the company indirectly fully-owned subsidiary...
National Bureau of Statistics: In November, the output of raw coal from large-scale industries was 0.43 billion tons, an increase of 1.8% year-on-year.
On December 16, data from the National Bureau of Statistics showed that in November, the output of industrial raw coal from enterprises above designated size was 0.43 billion tons, a year-on-year increase of 1.8%; the average daily output was 14.266 million tons.
Coal Industrial Concept shares generally rise. YANCOAL AUS (03668) increases by 2.7% as the peak winter coal supply and demand sees "three highs and one decrease."
Jinwu Finance | Coal Industrial Concept stocks rose overall, GREEN LEADER (00061) increased by 3.13%, KINETIC DEV (01277) rose by 2.76%, YANCOAL AUS (03668) increased by 2.7%, SHOUGANG RES (00639) rose by 1.89%, China Coal Energy (01898) increased by 1.01%, and YANKUANG ENERGY (01171) also followed the rise. According to the Central Meteorological Administration, a strong cold air mass will affect most areas of our country from the 11th to the 14th, and from the 15th to the 16th, the minimum temperature line of zero degrees Celsius will push south to the middle and lower reaches of the Yangtze River. The relevant officials from the National Energy Administration introduced that this year
[Brokerage Focus] HAITONG SEC initially gives SHOUGANG RES (00639) an "outperform" rating, indicating that the coking coal main business is expected to maintain high profitability.
Jinwu Financial News | HAITONG SEC issued a Research Report indicating that SHOUGANG RES (00639) is mainly engaged in coking coal mining as well as the production and sale of raw coking coal and refined coking coal, located in the core area of high-quality coking coal mines. The company was founded in 1985, and in 2009, Hong Kong Shoukong began capital operations to acquire Fushan International Energy Group Limited, and in 2011 it was renamed SHOUGANG RES. In 2021, the Shareholder further premium acquired, demonstrating confidence in development. The company's controlling shareholder and actual controller is SHOUGANG Group (holding 33.3% in total as of the 2024 interim report), which is also the company's strategic customer, committed to becoming a major player in China.
Estimating The Fair Value Of Shougang Fushan Resources Group Limited (HKG:639)
