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Hong Kong stocks move | The increase in Coal Industrial Concept(coal Industry) stocks has expanded in the afternoon. Institutions state that the Industry's fundamentals are expected to enter an upward trajectory and the Bearish factors will gradually weak
The Coal Industrial Concept's gains expanded in the afternoon. As of the time of writing, CHINA QINFA (00866) rose by 5.68%, priced at 0.93 HKD; China Shenhua Energy (01088) increased by 3.03%, priced at 32.3 HKD; China Coal Energy (01898) climbed by 0.74%, priced at 8.18 HKD.
Huafu Securities: Coal prices are bottoming out, combined with China Shenhua Energy (601088.SH) increasing dividends, the Sector's outlook is more optimistic.
After the festival, the resumption of coal production has accelerated, supply has increased rapidly, heating demand is gradually declining, and the recovery progress outside of electricity is generally slow. During the off-peak season, coal prices have continued to adjust but have already entered the bottom area.
China Coal Energy's 2024 Profit Slides 10%
China Coal Energy: Summary of the 2024 Annual Report of China Coal Energy Co., Ltd.
China Coal Energy: 2024 Annual Report of China Coal Energy Co., Ltd.
Announcement of results for the year ended 31 December 2024