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China Coal Energy (HKG:1898) Has A Pretty Healthy Balance Sheet
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.
China Coal Energy (01898.HK) is planning to hold a board of directors meeting on August 23 to approve its mid-term performance.
China Coal Energy (01898.HK) announced that the company will hold a board of directors meeting on August 23, 2024 (Friday), to (including) (i) review and approve the group's (including the company and its subsidiaries) mid-year performance as of June 30, 2024, and (ii) consider distributing interim dividends.
China Coal Energy Plans Key Board Meeting
CHINA COAL: NOTICE OF BOARD MEETING
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%.
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