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Citigroup: Demand for Thermal Coal is nearing its peak, and it is expected that coal prices will decline in the next two years.
If there are no supply constraints, spot coal prices could drop to the level of long-term benchmark contract prices.
The decline in performance does not change the fundamental advantages, and the Coal Sector remains attractive due to low valuation and high dividends.
Looking ahead, what investment opportunities does the Coal Sector have, and which quality enterprises are worth paying attention to?
Shenhua Energy Closes 853 Million Yuan Purchase of Coal Miner
[Hong Kong Stock Connect] China Shenhua Energy (01088) rose by over 2% against the market trend. Institutions indicate that along with the industrial resumption after the Spring Festival, coal prices are expected to rise.
Goldwolf Financial News | China Shenhua Energy (01088) is rising against the trend, with an increase of 2.05% as of the time of writing, reported at 29.85 Hong Kong dollars, with a transaction amount of 0.157 billion Hong Kong dollars. Soochow's report points out that coal prices are currently mainly limited in their upward momentum due to weaker-than-expected demand and excessive inventory accumulation. In terms of future demand, on one hand, industrial production is expected to resume after the Spring Festival, and on the other hand, the short-term low temperature may lead to an increase in terminal demand, which may drive coal prices up. Everbright's report states that the market price for low calorific coal has dropped below the long-term contract prices, suggesting a potential halt in the short-term decline of coal prices. (1) As of February 21, CCTD CNI Bohai Index Thermal Coal 45.
Express News | China Coal Major Shenhua Energy Has Stopped Spot Purchases of Imported Coal - Sources
Fangzheng Securities: The investment value of the Coal Sector is becoming prominent, and the coal-electricity joint operation model is attracting attention.
Under the current environment of supply and demand, price levels, and expected stable improvement in Industry profits, the advantages of high dividend stocks in the Coal industry are gradually becoming significant.
