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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.
Yancoal Aus (03668.HK) held a board of directors meeting on August 19 to approve its semi-annual performance.
Yancoal Aus (03668.HK) announced that the board of directors will hold a meeting on Monday, August 19, 2024 to approve the semi-annual results of the group ending on June 30, 2024 and their release, consider the payment of interim dividends (if any and subject to the full discretion of the board of directors), and handle any other matters.
YANCOAL AUS: Date of Board Meeting
HK stocks anomaly | Yancoal Australia (03668) has risen more than 4% with Q2 operation data slightly lower than expected. CICC predicts coal prices will stabilize and rise year-on-year in the second half of the year.
Yancoal Aus (03668) is now up more than 4%. As of press time, it is up 3.94%, trading at HKD 35.65 with a turnover of HKD 28.5265 million.
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%.
Coal industry concept stocks collectively rose. Yancoal Aus (03668) rose 3.64%. Institutions pointed out that as the strong season approaches, coal demand is gradually increasing.
Coal stocks rose collectively, with Hidili Industry (01393) up 3.95%, Shougang Res (00639) up 3.79%, Yancoal Aus (03668) up 3.64%, Mongol Mining (00975) up 3.12%, China Coal Energy (01898) up 2.46%, China Shenhua Energy (01088) up 2.26%, and Yankuang Energy (01171) up 1.37%. Everbright Securities said that the recent impact of safety supervision continues, coupled with the coming peak season, coal demand is gradually increasing, and the bank is still bullish on the support of peak season demand for coal prices at the end of August.
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