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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)
Shougang Fushan Resources Group Renews Sales, Purchase Agreements With Shougang Group
Coal: can be both offensive and defensive, act according to timing.
The sector has investment value and there are also stage-specific trade opportunities.
JPMorgan Expands Energy-Transition Efforts to Add Coal Deals