Coal stocks are generally on the rise, with Yancoal Aus (03668) up 3.16%. Institutions point to the bottom of the coal value approved by industrial capital may be coming.

Coal stocks are generally up today, with Yancoal Aus (03668) up 3.16%, China Coal Energy (01898) up 2.89%, Kinetic Dev (01277) up 2.68%, China Qinfa (00866) up 2.6%, and China Shenhua Energy (01088) up 1.42%. In terms of news, Kaiyuan Securities stated that the coal sector has experienced a significant pullback since July 2024, during which major shareholders and executives have disclosed shareholding plans, demonstrating their recognition of the company's long-term investment value and confidence in its future sustainable and stable development.

金吾財訊Aug 9 01:28 ET

gtja: Global perspective on the impact of the US economic downturn on the coal industry in china

The international coal price has a relatively weak impact on China mainly because it is not globally priced like crude oil and natural gas, especially in the USA, which is the largest variable in terms of marginal demand elasticity. China accounts for 56% of global coal demand and has an import dependence of only about 10%.

Zhitong FinanceAug 6 22:41 ET

Kinetic dev (01277.HK) plans to hold a board of directors meeting on August 19 to approve its mid-term performance.

Board of directors of Kinetic Dev (01277.HK) announced that the board meeting will be held on August 19, 2024 (Monday) to consider and approve (including) the publication of the group's interim performance as of June 30, 2024, and declaration of interim dividend (if any).

Gelonghui FinanceAug 5 04:42 ET

KINETIC DEV: DATE OF BOARD MEETING

Hong Kong Stock ExchangeAug 5 04:34 ET · Announcements

Kinetic Dev (01277. HK) enters into a subleasing agreement for aircraft.

On August 2nd, Glemei announced that on August 2nd, 2024, Kinetic Dev (01277.HK) signed an aircraft sub-lease agreement with Wealth Galaxy (as the lessor) as the lessee. The lease period starts from the delivery date and lasts for 12 months. The leased aircraft is one (1) Dassault Falcon 7X aircraft.

Gelonghui FinanceAug 2 08:54 ET

HK stock surged | Kinetic Dev (01277) rose by more than 4% again, the company intends to declare a special dividend, and the net profit for the first half of the year is expected to increase by more than 80%.

Kinetic dev (01277) rose by more than 4%, up 4.46% to HKD 1.17 at the time of publication, with a turnover of HKD 5.7579 million.

Zhitong FinanceAug 2 03:01 ET