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Hong Kong Viable Stocks – Tingyi (Cayman Islands), China Coal Energy (1898)
Hong Kong stock market volatility | Coal stocks rebound today, China Coal's mid-term dividend plan is implemented, institutions believe that the demand for insurance asset allocation is expected to return.
Coal stocks rebounded today. As of the time of writing, Yanzhou Coal Mining (01171) rose 3.25% to HKD 10.16; China Shenhua Energy (01088) rose 2.98% to HKD 34.55; China Coal Energy (01898) rose 2.84% to HKD 9.42; Shougang Resources (00639) rose 1.94% to HKD 2.63.
China Coal Energy's H1 Attributable Profit Slides 16% as Revenue Falls
China Coal Energy Company Limited (HKG:1898) Half-Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Citigroup: Rated China Coal Energy (01898) as "buy", with a target price of HK$10.7.
Citi pointed out that china coal energy (01898) saw a decrease in net profit in the second quarter of this year compared to the previous quarter, mainly due to the decrease in gross profit per ton of self-produced coal, the decrease in coal prices, and the increase in unit cost.
Interim performance announcement for the six months ended June 30, 2024 (as at this date)
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