Coal industrial concept stocks rose some, yancoal aus (03668) rose by 4.49%. Institutions point out that the peak of winter heating is approaching, boosting demand in the thermal coal market.

Jingu Financial News | Some coal stocks have risen, Yancoal Aus (03668) up by 4.49%, Nan Nan Res (01229) up by 2.27%, E-commodities (01733) up by 2.13%, Southgobi (01878) up by 2%, Mongol Mining (00975) up by 1.03%, Per Energy (02798) follow the rise. Shanxi Securities stated that the industry supply is returning to normal, demand is still expected, combined with increased uncertainty in external coal trade, against the backdrop of domestic coal prices maintaining a certain high level, coal sector profitability is expected to remain high. Along with shareholding buybacks and refinancing

金吾财讯21:13 ET

Citic sec: The long-term agreement policy in 2025 may have a positive impact on coal companies with a higher proportion of long-term agreements.

The overall change in the 2025 long-term coal contract framework is not significant, with the signing ratio requirements being adjusted downwards each year.

Zhitong FinanceNov 20 19:18 ET

NAN NAN RES: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024

HKEXNov 20 08:10 ET · Announcements

Nan Nan Res (01229.HK) Profit Joy: Expected mid-year profit in 2024 not less than 30 million Hong Kong dollars

Gelonghui reported on November 18 that nan nan res (01229.HK) announced that the group expects to record a profit of approximately 17.4 million Hong Kong dollars for the six months ending September 30, 2023 ("2023 interim"), increasing to no less than 30 million Hong Kong dollars for the six months ending September 30, 2024 ("2024 interim"). The increase in profit is mainly due to the following net impacts: (i) increased coal sales from the coal business; (ii) net foreign exchange gains (compared to a net foreign exchange loss in 2023 interim); (iii) bonds issued by the company in 2008, maturing on March 13, 2026.

Gelonghui FinanceNov 18 05:01 ET

Express News | Nan Nan Resources Enterprise - Expected Result Due to Increase in Sales Volume of Coal in Coal Mining Business, Others

ReutersNov 18 04:58 ET

Express News | Nan Nan Resources Enterprise Sees Not Less Than HK$30.0 Mln in Profit for Six Months

ReutersNov 18 04:58 ET