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Coal stocks rose across the board. Yancoal Aus (03668) rose by 2.8%. Open Source Securities expects the high dividend investment logic of the coal industry concept to remain the main trend.
Jingu Finance| Coal stocks rose across the board, with Yancoal Aus (03668) up 2.8%, China Qinfa (00866) up 2.56%, Shougang Res (00639) up 2.56%, Kinetic Dev (01277) and China Shenhua Energy (01088) following the trend. On the news side, research reports from Kaiyuan Securities suggest that the coal sector is expected to embrace a new layout starting this round of investment, which combines high dividends and cyclicality. The high dividend investment logic for coal stocks remains the mainstream, as in the current weak economy and low interest rate environment, funds pay more attention to the certainty of investment returns, which is in line with the sustainability and high dividend yield of coal.
Debang Securities: Coal industry shareholding and market cap both increased in Q2 2024, with a narrower range of low allocation.
In Q2 of 2024, the coal industry had a relatively outstanding market performance, outperforming the SSE Composite Index and achieving both excess and absolute returns. It ranks fourth in the Shenzhen Stock Exchange first-level industry in terms of increase.
China Qinfa Group Secures Unanimous Deal Approval
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Citic Sec: From 'having coal' to 'being capable', coal-electricity integration gains growth opportunities.
With the government relaxing its control on electricity prices, the overall net asset return of the "coal + electricity" sector has exceeded the market's average return. It is economically feasible to extend downstream power generation through the coal-electricity integration model relying on upstream resources.
Two departments issued a plan for low-carbon transformation of coal-fired power, and coal-power integration received attention.
According to the website of the National Development and Reform Commission on July 15th, in order to coordinate the low-carbon transformation of existing coal-fired units and the construction of new low-carbon coal-fired units, improve the clean and efficient utilization level of coal, accelerate the construction of a clean, low-carbon, safe, and efficient new energy system, and help achieve the goal of carbon peak and carbon neutrality, the National Development and Reform Commission and the National Energy Administration recently issued the "Action Plan for Low-Carbon Transformation and Construction of Coal-Fired Power Plants (2024-2027)".
Insiders Of China Qinfa Group Are Up 172% On Their CN¥9.68m PurchaseNo Data
