Yankuang Energy Group Company Limited (HKG:1171) Shares Could Be 29% Below Their Intrinsic Value Estimate
Key Insights The projected fair value for Yankuang Energy Group is HK$14.53 based on 2 Stage Free Cash Flow to Equity Yankuang Energy Group is estimated to be 29% undervalued based on current
China Shenhua issued a profit warning, expecting a decline in performance in the first half of the year.
Due to the downward trend of coal prices, China Shenhua (01088) issued a profit warning yesterday, with a downward trend in mid-term profits and a sharp drop in stock prices, falling by more than 6%, making it the worst-performing blue chip in intraday trading. The coal sector also fell as a whole, with Yankuang Energy (01171) falling 4.5% in early trading; its subsidiary Yancoal Australia (03668) fell 2.2%; China Coal (01898) fell 4.9%; Shougang Res (00639) fell 2.8%. The group stated that based on preliminary estimates, the mid-term profit as of the end of June is expected to be between 31.8 billion and 33.8 billion yuan, a year-on-year decrease of 8.4% to 13.8%.
Northbound trading| net buying of 0.865 billion yuan by domestic investors, who continue to increase their holdings of telecommunications operators. Coal industrial concept (coal industry) stocks were sold off all day long.
On July 10th, the Hong Kong stock market saw a net purchase of 0.865 billion Hong Kong dollars by northbound trade, including a net purchase of 0.823 billion Hong Kong dollars by the Shanghai-Hong Kong Stock Connect and a net purchase of 0.042 billion Hong Kong dollars by the Shenzhen-Hong Kong Stock Connect.
Hong Kong stock market changes | Coal industrial concept (coal industry) stocks lead the decline, Yankuang Energy (01171) fell more than 7% in intraday trading due to multiple factors leading to a decline in coal prices in the first half of the year.
According to the Zhitong Finance APP, coal stocks fell the most. As of press time, Yankuang Energy (01171) fell 6.67%, reporting 10.36 Hong Kong dollars; China Coal Energy (01898) fell 6.02%, reporting 8.28 Hong Kong dollars; China Shenhua Energy (01088) fell 5.64%, reporting 34.3 Hong Kong dollars; Shougang Res (00639) fell 4.05%, reporting 3.08 Hong Kong dollars. In terms of news, China Shenhua recently released a performance forecast, expecting a net income of the mother of 28.6-30.6 billion yuan in the first half of the year, a year-on-year decrease of 8.1%-14.1%. The decrease in net income may be mainly due to the decrease in the average selling price of coal.
Coal industry concept stocks generally fell. China Shenhua (01088) fell by 4.54%. The price of thermal coal in the first half of the year remained in a weak and fluctuating state.
Chinacoal energy (-3.18%), Yankuang Energy (-4.14%), Shougang Res (-3.74%) and Southgobi (-2.31%) all fell in the coal industry. CITIC Securities said that 24H1 thermal coal prices maintained a weak trend, with a significant year-on-year drop in pithead prices. In the first half of 2024, with the weak demand, the squeezing of thermal power by hydropower and new energy output, as well as the high inventory of ports and terminals, exerted multiple factors, making it difficult to reduce the inventory.
Yankuang Energy Acquires Stake in Wubo Technology
Changjiang Securities: India's industrialization begins to reshape the supply and demand pattern of black resources.
As developing countries such as India drive industrialization demand, there is expected growth in resources such as coking coal and iron ore, which have constrained supply, reshaping the long-term supply-demand landscape.
Yankuang Energy (01171) issued 1.376 billion bonus shares.
Yankuang Energy (01171) announced that it will distribute 1.376 billion bonus shares to shareholders in accordance with the profit distribution plan for 2023 approved by a special resolution on June 21, 2024. The benchmark is three bonus shares for every 10 shares held.
Yankuang Energy Group Issues 3 Billion Yuan Ultra Short Bonds
Yankuang Energy Group (HKG:1171, SHA:600188) issued a 3 billion yuan first tranche of 2024 ultra-short-term financing bonds, according to a Thursday filing on the Shanghai bourse. The bonds have a 1.8
Yankuang Energy Raises 3 Billion Yuan From Super-Short-Term Bonds Issue
Yankuang Energy Group (HKG:1171, SHA:600188) has raised 3 billion yuan from the issue of the first tranche of super-short-term bonds, a Wednesday filing on the Hong Kong bourse said. The bonds carry a
Yankuang Energy (01171.HK) successfully issued 3 billion yuan of super short-term commercial paper.
On July 3, Gelunhui reported that Yankuang Energy (01171.HK) announced the successful issuance of the first ultra-short-term financing bond for the year 2024 (referred to as "24 Yankuang Energy SCP001", code: 012482024), raising RMB 3 billion, which was received on July 2, 2024.
Venture-Capital Investments In Carbon Tech Reached A Record Last Year -- Market Talk
1304 ET - Venture-capital firms last year invested a record $17.7 billion in so-called carbon-tech businesses-or developers of technologies that monitor carbon in ecosystems, capture and store carbon
HK stocks rose abnormally today. Coal industrial concepts are rising again. Coal H shares have recently reached the ex-dividend and ex-rights date. Institutions say that the sector's filling and withholding situation is expected to be repeated.
Coal industry stocks rose again. As of press time, Southgobi (01878) rose 15.65% to HKD 3.62; Mongol Mining (00975) rose 6.03% to HKD 9.5; Yancoal Aus (03668) rose 6% to HKD 36.2; China Shenhua Energy (01088) rose 4.17% to HKD 37.45; Yankuang Energy (01171) rose 1.97% to HKD 11.38.
AH trends diverge, Hang Seng Index up 0.6%, CNOOC up 4%, national bond futures slightly rebound.
Rare earth permanent magnets concept stocks pull back, photovoltaic and lithography themes also weaken. Hong Kong's real estate, banks, and oil & gas stocks are strong, CNOOC up 4%, Agricultural Bank of China and China Merchants Bank rise more than 2%. After experiencing a sharp drop yesterday, national bond futures rebounded in early trading, with 10-year and 30-year national bond futures contracts rising nearly 0.1% in early trading.
Hong Kong stock concept tracking | Shutdown of English American Resources Australian coal mines, international coal prices rise (attached with concept stock)
Mining company Anglo-American Resources announced that it has temporarily suspended production at its Groveland steelmaking coal mine.
Yankuang Energy (600188.SH) will distribute 10 shares for every 3 shares held and pay a dividend of 14.9 yuan in 2023. The share registration day is July 5th.
Yankuang Energy (600188.SH) announced that the company will implement the annual equity distribution for the year 2023, which will be distributed to all shareholders...
CCTV is paying attention to Yankuang Energy's approach to peak summer energy demand.
On June 25th, CCTV-2 focused on reporting Yankuang Energy and other Shandong Energy affiliated units' efforts to ensure stable production and supply of coal, providing ample energy supply for the peak summer demand.
Yankuang Energy Group Company Limited Goes Ex Dividend Tomorrow
Coal industry stocks mostly declined in Hong Kong stock market due to weak demand and running with weakness. Daily consumption of power plants is expected to support coal prices.
According to the report from the China Finance App, most coal industrial concept stocks fell. As of press time, Nan Nan Res (01229) fell 4.85% to HKD 0.157, Yankuang Energy (01171) fell 3.9% to HKD 11.24, China Coal Energy (01898) fell 3.28% to HKD 9.13, and Shougang Res (00639) fell 1.9% to HKD 3.1. In terms of production, the Yulin area saw a slight decline in prices, and although there is an expected contraction in supply in the latter half of the month, due to sustained weak demand, there is a build-up of pithead inventory. The Ordos region is affected by weak demand and external purchases.
YANZHOU COAL MININ To Go Ex-Dividend On June 27th, 2024 With 1.79204 USD Dividend Per Share And 0.26191 USD Special Dividend Per Share
June 25th (Eastern Time) - $YANZHOU COAL MININ(YZCAY.US)$ is trading ex-dividend on June 27th, 2024.Shareholders of record on June 27th, 2024 will receive 1.79204 USD dividend per share and 0.26191 US
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