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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
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