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Yankuang Energy Plans Key Board Meeting
Yankuang Energy (01171.HK) plans to hold a board of directors meeting on August 30th to approve the half-yearly performance.
Yankuang Energy (01171.HK) announced on August 16th that the board of directors will hold a meeting at the company's headquarters on Friday, August 30th, 2024, to review and announce (including) the unaudited semi-annual performance of the company and its subsidiaries as of June 30th, 2024, and recommend the distribution of interim dividends (if any).
YANKUANG ENERGY: NOTICE OF BOARD MEETING
HK stocks unusual movement | Yankuang Energy (01171) rises nearly 4%, with a relatively low proportion of long-term contract sales and higher profit elasticity.
Yankuang Energy (01171) is currently up nearly 4%. As of the time of writing, it has increased by 3.39% and is trading at HKD 10.38, with a turnover of HKD 0.15 billion.
Hong Kong stocks fluctuate | Coal industrial concept continues to rebound recently, sector valuation reshaping is in progress, institutions say the industry will maintain tight balance in the next few years.
Coal industry stocks continued their recent rebound, as of press time, China Shenhua Energy (01088) rose 3.69%, to HKD 33.7; Mongol Mining (00975) rose 3.61%, to HKD 7.75; China Coal Energy (01898) rose 2.47%, to HKD 8.7; Yankuang Energy (01171) fell 1.51%, to HKD 10.08.
Hong Kong stock sector tracking| The coal industry is gradually becoming "public utility", and the reshaping of sector valuation is underway. (Attached concept stocks)
It is expected that the recent interest rate cut in the USA will have limited impact on domestic coal prices.
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