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Capital trends | Northbound funds purchased nearly 6 billion HKD worth of Tencent, while selling Meituan and ANTA SPORTS.
Track the latest dynamics of southbound capital.
Coal Industrial Concept is weakening. YANKUANG ENERGY (00866) fell by 4.73%. Institutions indicate that Thermal Coal and Coking Coal prices are still at a low level in the short term.
Jinwu Financial News | The Coal Industrial Concept(coal Industry) has weakened, GREEN LEADER (00061) fell by 8.33%, YANKUANG ENERGY (01171) fell by 4.73%, CHINA QINFA (00866) fell by 4.58%, MONGOL MINING (00975) fell by 3.11%, China Shenhua Energy (01088) fell by 3.09%, E-COMMODITIES (01733) fell by 2.54%. Datong Securities stated that fundamentally, Thermal Coal and coking coal short-term prices are still at low levels. Due to the arrival of cold waves, Thermal Coal prices have rebounded from their bottom, coupled with major coal-producing regions completing production tasks ahead of schedule, pithead coal prices have also slightly risen, and the supply-demand situation is relatively balanced.
Bank of America Securities: Downgraded China Shenhua Energy (01088) and YANKUANG ENERGY (01171) ratings, preferring PETROCHINA (00857).
Bank of America Securities expects the price of thermal coal this year to be 720 yuan per ton (a 16% year-on-year drop).
Hong Kong stocks movement | China Shenhua Energy (01088) falls nearly 5%, entering the new year, the running of the Coal, Steel, and Coke Industry Chain shows no improvement, and the demand for Coal remains limited.
China Shenhua Energy (01088) fell nearly 5%, as of press time, down 4.95%, reported at 30.75 HKD, with a turnover of 0.674 billion HKD.
The Returns At China Shenhua Energy (HKG:1088) Aren't Growing
Hong Kong stocks moving differently | Coal Industrial Concept(coal Industry) stocks fell in early trading, with many stocks dropping more than 3%. Institutions stated that the recent sharp decline in Thermal Coal prices exceeded market expectations.
Coal Industrial Concept(coal Industry) stocks fell in the early session. At the time of reporting, China Shenhua Energy (01088) dropped 2.63% to 31.5 Hong Kong dollars; YANKUANG ENERGY (01171) fell 2.54% to 8.45 Hong Kong dollars; SHOUGANG RES (00639) decreased by 2.05% to 2.4 Hong Kong dollars; MONGOL MINING (00975) declined 1.41% to 6.98 Hong Kong dollars.
