China Shenhua Energy Co. Releases Operational Update
China Shenhua (01088.HK) sold 38.7 million tons of coal in August.
On August 2024, China Shenhua Energy (01088.HK) announced that the coal production reached 27.8 million tons, with coal sales volume of 38.7 million tons, remaining unchanged compared to the previous year.
Express News | China Shenhua Energy - Aug Commercial Coal Production 27.8 Mln Tonnes
China Shenhua Energy Co. (CSUAY) Moves to Buy: Rationale Behind the Upgrade
BOCI Securities: Upgrades China's coal industry rating to "shareholding" with Yankuang Energy and China Shenhua Energy as top picks.
CICC released a research report stating that it has lowered the profit forecast for Chinese coal stocks and subsequently lowered the target price for stocks in this industry. However, the bank pointed out that after the recent decline in stock prices, most coal stocks seem attractive. The bank has upgraded its rating for the Chinese coal industry from "neutral" to "shareholding". Among them, Shougang Energy (00639) has been upgraded from "hold" to "buy", while Yankuang Energy (01171) and China Shenhua (01088) are top picks in the industry. The bank predicts that with coal inventory reaching its lowest level in nearly six months and the recovery in demand from non-electrical customers, the price of thermal coal in China will
China Shenhua Energy [01088] is now trading at HKD 29.95, with a decrease of 5.07%.
As of 13:51, China Shenhua Energy [01088] reported a price of 29.95 Hong Kong dollars, a decrease of 1.6 Hong Kong dollars or 5.07% compared to yesterday's closing price of 31.55 Hong Kong dollars. The trading volume was 417.5253 million Hong Kong dollars. The highest price today was 31 Hong Kong dollars, and the lowest price was 29.9 Hong Kong dollars. Based on yesterday's closing price, the 10-day average price was 36.27 Hong Kong dollars, and the 50-day average price was 32.75 Hong Kong dollars. The current PE ratio is 10.28 times, and the 14-day relative strength index is 73.91.
Coal industrial concept (coal industry) collectively under pressure. Mongol Mining (00975) fell by 9.87%, institutions point out that thermal coal prices are difficult to have further upward drive.
Jinwu Finance News | Coal stocks are collectively under pressure, with Green Leader (00061) falling 10%, Mongol Mining (00975) falling 9.87%, Southgobi (01878) falling 8.48%, China Shenhua Energy (01088) falling 4.91%, China Coal Energy (01898) falling 4.99%, Kinetic Dev (01277) falling 4.42%, Yankuang Energy (01171) falling 4.29%. GTJA Futures states that, overall, the current spot thermal coal prices are showing a weak and stable running trend. In terms of production areas, coal mines are mainly purchasing to ensure supply and for rigid demands such as chemicals, with a few experiencing significant price reductions.
HK stocks fluctuate| Coal stocks continue recent decline, coal demand to be observed during the off-season, institutions say market concerns about energy price decline and impact on dividends.
Coal stocks continue to decline in the near term. As of the time of writing, Mongol Mining (00975) fell by 6.18%, to HK$7.13; China Shenhua Energy (01088) fell by 4.44%, to HK$30.15; Yankuang Energy (01171) fell by 3.99%, to HK$9.39; China Coal Energy (01898) fell by 3.63%, to HK$8.47.
gtja: The bottom of coal price in the second half of the year is expected to not break 800 yuan/ton, and the turning point is estimated to be in mid-September.
In the first half of 2024, the performance of dividend assets with a high proportion of long-term contracts continued to significantly outperform the industry. The performance pressure brought by the simultaneous decline in volume and price in the first half of the year has been released, determining that the bottom coal price in the second half of the year will not break 800 yuan/ton, and the turning point is expected in mid-September.
After reaching production or years of tens of billions of profit growth, two projects of China Shenhua Energy have been approved by the National Development and Reform Commission.
①The total investment exceeds 26 billion yuan, and the New Street No.1 and New Street No.2 projects of the china shenhua energy subsidiary have been approved by the National Development and Reform Commission; ②The construction scale of the two projects is 8 million tons per year, and the estimated annual profit after reaching production can be close to 6 billion yuan.
China Shenhua's two subsidiaries have received approval for projects with a total investment of over 26 billion yuan. YueXiu Property's sales in the first 8 months have declined by 30%. | Selected Hong Kong Stock Exchange announcements on September 3rd.
① Two projects of China Shenhua's subsidiary have received approval with a total investment of over 26 billion yuan. What are the highlights? ② Yuexiu Property's sales in the first eight months have declined by 30%. How are other real estate companies performing?
China Shenhua Subsidiary Secures Mine Approvals
Express News | China Shenhua Energy Says Unit Obtains Approval for Projects in Inner Mongolia
The Fed will join the global central bank interest rate cut in September! The era of low interest rates may be restarted.
This autumn, central banks around the world will start or continue cutting interest rates, putting an end to the era of historically high borrowing costs.
Zhongtai Securities: Autumn construction demand improves marginally, and coal prices are expected to resume an upward trend.
Due to the impact of the devaluation of old specifications of threaded steel and weak demand in the off-season, there have been more steel plants shutting down for maintenance. The overall performance of the steel industry in August was weak, and now the peak season in September is approaching.
Concerns about the year-on-year decline in the average price of coal in the first half of the year, China Shenhua Energy fell more than 5% during trading.
How is the net profit and revenue performance of China Shenhua in the first half of the year? What is the outlook for the coal industry in the second half of the year?
Hong Kong stock concept tracking | The high growth of total social electricity consumption continues,coal core consumer status remains unchanged (with concept stocks)
In 2024, China's social electricity consumption continued to grow, with a total electricity generation of 768.5 billion kilowatt-hours in the first six months, an increase of 2.26% compared to the same period last year, with thermal power generation accounting for 63%.
Stock market volatility | China Shenhua Energy (01088) fell more than 5% after the performance announcement. Decline in coal prices dragged down performance, with a year-on-year decrease of 11% in net profit for the first half of the year.
China Shenhua (01088) fell more than 5% after the performance announcement. As of the time of writing, it has fallen 3.71% to HKD 32.45, with a turnover of HKD 0.119 billion.
China Shenhua 2024 Semi-Annual Report
Summary of China Shenhua\'s 2024 Semi-Annual Report
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