00975 MONGOL MINING
- 8.090
- -0.380-4.49%
MONGOL MINING News
Potential Upside For Mongolian Mining Corporation (HKG:975) Not Without Risk
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.
Mongolian Mining's Coal Output Jumps in Q2
HK stocks fluctuate | Mongol Mining (00975) rose nearly 4% in early trading, with a 34% increase in total coal production in the second quarter compared to the previous quarter.
Mongol Mining (00975) rose nearly 4% in early trading. As of the draft, it rose 3.47% to HKD 9.55 with a turnover of HKD 11.8532 million.
Mongol Mining (00975) had a total coal extraction of 4.7919 million tons from the UHG and BN mines in the second quarter, a year-on-year increase of 16%.
Mongol Mining (00975) announced that as of June 30th, the total mining volume of raw coal in the UHG and BN mines of the group in the second quarter was 4.7919 million tons, a year-on-year increase of 16% and a quarter-on-quarter increase of 34%. In the second quarter, the group processed 4.0601 million tons of coking coal raw coal to produce 2.2238 million tons of washed coking coal products, a year-on-year increase of 37% and a quarter-on-quarter increase of 3%. In the second quarter, the group's ER and KEX operating subsidiaries sold a total of 2.3143 million tons of washed coking coal products, a year-on-year increase of 47% and a quarter-on-quarter increase of 40%. In the first half of the year, the group's washed coking coal products
Mongolian Mining Reports Strong Quarter
Express News | Mongolian Mining - Group’s YTD Sales Volume Reached 3,964.6 KT of Washed Coking Coal During H1
Hong Kong stock market turbulence | Coal industry concept continues to decline, Mongolia Mining (00975) fell more than 10%. The decline in coal prices led to a significant drop in profitability for most coal companies.
Coal industrial concept (coal industry) continues to decline, as of press time, Mongol Mining (00975) fell 10.71%, reporting 9 Hong Kong dollars; SouthGobi (01878) fell 9.71%, reporting 3.16 Hong Kong dollars; Yancoal Aus (03668) fell 5.34%, reporting 34.6 Hong Kong dollars.
Coal industry stocks are under pressure. Hidili Industry (01393) fell by 8.08%. Institutions point out that coal production areas have strict and normalized safety supervision, and the increase in supply is limited.
Jinwu Finance News | Coal stocks under pressure, Hidili Industry (01393) fell 8.08%, Mongolia Energy (00276) fell 7.14%, SouthGobi (01878) fell 4%, Mongol Mining (00975) fell 3.97%, Yancoal Aus (03668) fell 2.6%, China Shenhua Energy (01088) fell 2.5%. Shanxi Securities said that coal production areas have strict and normal safety supervision and maintenance, and the supply increment of coal production areas is limited; in terms of demand, there is a north-south difference in electricity, southern hydropower and other clean energy continue to generate output, the coal consumption increases are limited, but the north continues to experience high temperatures, and the electricity...
[Brokerage Focus] Citic Securities: HSCEI welcomes the results of the new round of quarterly reviews on August 16, and it is expected that 19 symbols will enter the Hong Kong Stock Connect.
Jingu Financial News | Citic Securities stated that the Hang Seng Index will undergo a new review on August 16th, and the adjustment will officially take effect on September 9th. The Hong Kong stock connect will also correspondingly adjust. The bank expects to have 19 symbols to be included in the Hong Kong stock connect, of which the technology, optional consumer, and energy sectors have higher market capitalization weight. Broken down by industry, including 5 technology companies: Maipu Times (02556), Quchizhu Group (00917), Zhixing Automotive Technology (01274), Shengneng Group (02459), and Yisou Technology (02550); 3 optional consumer enterprises: Auto Street (02443), ...
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)".
Hong Kong stock abnormality | Coal industrial concept collectively rebounded, institutions said coal industry still maintains a tight balance state, with high dividend and high stock dividend attributes unchanged.
Coal industry concept stocks collectively rebounded. As of press time, Mongol Mining (00975) rose 4.01%, closing at HK$10.9; E-commodities (01733) rose 3.14%, closing at HK$1.64; Yankuang Energy (01171) rose 2.75%, closing at HK$10.48; China Shenhua Energy (01088) rose 2.48%, closing at HK$35.1.
Mongolian Mining Corporation's (HKG:975) Stock Is Going Strong: Is the Market Following Fundamentals?
Changjiang Securities: India's industrialization begins to reshape the supply and demand pattern of black resources.
As developing countries such as India drive industrialization demand, there is expected growth in resources such as coking coal and iron ore, which have constrained supply, reshaping the long-term supply-demand landscape.
Hong Kong stock market anomaly | Mongol Mining (00975) rose nearly 9%, market sentiment gradually warming up, coking coal prices remain strong.
Mongol Mining (00975) rose nearly 9%, as of press time, up 8.92%, at HKD 10.38, with a turnover of HKD 52.4178 million.
MONGOL MINING (00975) issued 184,000 shares due to the exercise of options.
MONGOL MINING (00975) issued an announcement that on July 3, 2024, the company ...
HK stocks rose abnormally today. Coal industrial concepts are rising again. Coal H shares have recently reached the ex-dividend and ex-rights date. Institutions say that the sector's filling and withholding situation is expected to be repeated.
Coal industry stocks rose again. As of press time, Southgobi (01878) rose 15.65% to HKD 3.62; Mongol Mining (00975) rose 6.03% to HKD 9.5; Yancoal Aus (03668) rose 6% to HKD 36.2; China Shenhua Energy (01088) rose 4.17% to HKD 37.45; Yankuang Energy (01171) rose 1.97% to HKD 11.38.
Hong Kong stock market is fluctuating. The coal industry is rebounding. The peak electricity consumption in the summer is expected to continue, and the market price of coal is expected to stop falling and rise.
Coal stocks collectively rebounded. As of press time, Yancoal Aus (03668) increased by 3.51%, reporting HKD 33.95; Mongol Mining (00975) increased by 3.34%, reporting HKD 8.96; China Shenhua Energy (01088) increased by 3.27%, reporting HKD 36.3.
HK stocks fluctuate | Mongol Mining (00975) falls more than 5% as the second round of coke price cuts are implemented. The "black series" now faces a test of weak season demand.
Mongol Mining (00975) fell over 5%. As of press time, it fell 5.11% to HKD 8.73 with a turnover of HKD 10.43 million.
Analysis
Price Target
No Data
