New themes are gradually emerging as market styles shift between high and low, but the strength of the Technology mainline's recovery remains crucial.
Yesterday, the market continued to adjust, and all three major Indexes fell, returning to a consolidation structure in the short term.
Fangzheng Securities: The coal price has certain support around 690 yuan, and the advantages of high dividend stocks in the Industry are significant.
Fangzheng Securities suggests paying attention to symbols in the coal industry with excellent resource endowments, stable operating performance, and a high expected dividend ratio.
Dividend Assets have become attractive again! The Hang Seng Index has dropped over 1400 points in the last five days, while high-yield stocks such as Coal Banks "refuse to correct."
① The Hang Seng Index has fallen more than 1,400 points in the past five days. Why do dividend-paying Assets remain resilient? ② High-yield stocks such as Coal and Banks "refuse to retreat". What bullish factors may continue to drive the market?
SWHY: The coking coal is expected to hit bottom and rebound in the peak season, while the supply and demand rebalancing is likely to stabilize and boost Thermal Coal prices.
The demand for Coal in the thermal power and chemical Industries is expected to maintain positive growth in the coming years, while the demand in the Steel and building materials Industries is anticipated to decline. It is expected that Coal demand will stabilize with moderate increases before 2030.
Hong Kong stocks are experiencing unusual activity | Most Coal Industrial Concept stocks are rising as coal prices have slightly increased recently. Institutions are Bullish on the coal Industry, welcoming the reconfiguration value.
Most Coal Industrial Concept stocks rose. As of the time of reporting, MONGOL MINING (00975) is up 5.54%, priced at 6.1 HKD; China Coal Energy (01898) is up 3.91%, priced at 8.51 HKD; SOUTHGOBI (01878) is up 3.75%, priced at 3.04 HKD.
Brokerage morning meeting highlights: Siasun Robot&Automation drives rapid growth in the PCB Industry.
At today's brokerage morning meeting, Everbright stated that robots are driving rapid growth in the PCB industry; China Securities Co.,Ltd. pointed out a bullish outlook for the valuation reconstruction of the complete vehicle and intelligent driving industry chain in 2025; HTSC believes that AIDC may drive demand for power supply and heating beyond expectations.
Hong Kong stocks are moving differently | Coal Industrial Concept(coal Industry) stocks are generally rising, with China Shenhua Energy up about 2%. Institutions indicate that after the release of risks in the coal Industry, it is regaining allocation val
Hong Kong stocks of the Coal Industrial Concept showed an upward trend against the odds, with MONGOLIA ENERGY and SOUTHGOBI rising more than 3%, YANKUANG ENERGY, YANCOAL AUS, and CHINA QINFA increasing by 2.4%, and China Coal Energy and China Shenhua Energy rising nearly 2%.
PER ENERGY (02798.HK) will hold a Board of Directors meeting on March 18 to approve the annual performance.
Glory Holdings announced on March 6 that PER ENERGY (02798.HK) will hold a Board of Directors meeting on March 18, 2025, to approve the annual performance for the year ending December 31, 2024, for the company and its subsidiaries, and to consider the proposal for the final dividend distribution (if any).
PER ENERGY: DATE OF BOARD MEETING
Guosheng Securities: The current decline in coal prices may be nearing its end, emphasizing the opportunity for left-side layout.
Guosheng Securities expects that the decline in Coal prices will significantly slow down or even stop in the latter half of next week.
The decline in performance does not change the fundamental advantages, and the Coal Sector remains attractive due to low valuation and high dividends.
Looking ahead, what investment opportunities does the Coal Sector have, and which quality enterprises are worth paying attention to?
Everbright Securities: Coking coal prices have bottomed out and rebounded, focusing on the investment value of undervalued coking coal stocks.
Everbright stated that after experiencing a downward resonance in coking coal prices and stock prices, the PB of some coking coal enterprises has now fallen below 1.0 times, making them currently possess a cost-effectiveness suitable for allocation.
CITIC SEC Coal 2024 performance outlook: The decline is in line with expectations, time to allocate for dividend leaders at low points.
In 2024, the prices of various coal types continued to decline, with an average decrease of 14%, and anthracite coal saw the largest price drop.
In December, China's import volume of CSI Commodity Equity Index showed a mixed trend, with iron ore remaining at a high level, while the import volume of Coal and Soybean reached a record high for the year.
In December, the year-on-year increase in unrefined Copper and copper materials, integrated circuits, iron ore and its concentrates ranked first, while the decline in finished oil was the largest. The import volume of iron ore has remained above 0.1 billion tons for six consecutive months, and the import volume of Coal has remained above 45 million tons for the sixth consecutive month.
High-dividend Coal Industrial Concept(coal Industry) stocks will be the "stable happiness" in 2024. The trend of Thermal Coal next year may fluctuate in a narrow range | 2025 outlook.
① The Coal Sector is expected to perform brilliantly in 2024, humorously referred to as the "most profitable track in A-shares"; ② Industry insiders anticipate that Thermal Coal prices will fluctuate within the Range next year.
National Bureau of Statistics: In November, the output of raw coal from large-scale industries was 0.43 billion tons, an increase of 1.8% year-on-year.
On December 16, data from the National Bureau of Statistics showed that in November, the output of industrial raw coal from enterprises above designated size was 0.43 billion tons, a year-on-year increase of 1.8%; the average daily output was 14.266 million tons.
Coal: can be both offensive and defensive, act according to timing.
The sector has investment value and there are also stage-specific trade opportunities.
JPMorgan Expands Energy-Transition Efforts to Add Coal Deals
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
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.