Hong Kong stocks fluctuated | Most Coal Industrial Concept(coal Industry) stocks fell, MONGOLIA ENERGY (00276) dropped over 3%, suppressed by weak demand and high inventory affecting coal prices.
Most coal industry stocks declined. As of the time of reporting, MONGOLIA ENERGY (00276) fell by 3.39%, trading at 0.57 Hong Kong dollars; China Coal Energy (01898) dropped by 2.88%, trading at 8.77 Hong Kong dollars; China Shenhua Energy (01088) decreased by 1.93%, trading at 30.55 Hong Kong dollars.
CITIC SEC Coal 2024 performance outlook: The decline is in line with expectations, time to allocate for dividend leaders at low points.
In 2024, the prices of various coal types continued to decline, with an average decrease of 14%, and anthracite coal saw the largest price drop.
In December, China's import volume of CSI Commodity Equity Index showed a mixed trend, with iron ore remaining at a high level, while the import volume of Coal and Soybean reached a record high for the year.
In December, the year-on-year increase in unrefined Copper and copper materials, integrated circuits, iron ore and its concentrates ranked first, while the decline in finished oil was the largest. The import volume of iron ore has remained above 0.1 billion tons for six consecutive months, and the import volume of Coal has remained above 45 million tons for the sixth consecutive month.
High-dividend Coal Industrial Concept(coal Industry) stocks will be the "stable happiness" in 2024. The trend of Thermal Coal next year may fluctuate in a narrow range | 2025 outlook.
① The Coal Sector is expected to perform brilliantly in 2024, humorously referred to as the "most profitable track in A-shares"; ② Industry insiders anticipate that Thermal Coal prices will fluctuate within the Range next year.
Mongolia Energy (HKG:276) Is Posting Healthy Earnings, But It Is Not All Good News
MONGOLIA ENERGY: Interim Report 2024
National Bureau of Statistics: In November, the output of raw coal from large-scale industries was 0.43 billion tons, an increase of 1.8% year-on-year.
On December 16, data from the National Bureau of Statistics showed that in November, the output of industrial raw coal from enterprises above designated size was 0.43 billion tons, a year-on-year increase of 1.8%; the average daily output was 14.266 million tons.
Coal prices have mostly retraced, with nan nan res (01229) falling by 4.76%. Institutions believe that next year's coal prices will have a bottom and will not fear marginal weakening of supply and demand.
Kingwu Financial News | Most of the coal prices have fallen back, with Nan Nan Res (01229) down 4.76%, Mongolia Energy (00276) down 3.03%, Yankuang Energy (01171) down 1.71%, SouthGobi (01878) down 1.56%, China Shenhua Energy (01088) down 0.88%. GTJA stated that looking ahead to 2025, 'stability' remains the key word for the coal industry, with coal prices having a bottom and marginal supply and demand slightly weakening. The bank determines that under the assumption of neutral policy expectations, the paper-based marginal supply and demand of coal will slightly weaken compared to 2024: the core incremental supply comes from Shanxi's production increase (approximately the same.
Coal: can be both offensive and defensive, act according to timing.
The sector has investment value and there are also stage-specific trade opportunities.
Mongolia Energy Reports Revenue Growth Amid Losses
Mongolia Energy (00276) announced its interim results, with a shareholder's loss of 0.443 billion Hong Kong dollars, narrowing by 19.01% year-on-year.
mongolia energy (00276) released its interim performance for the six months ending on September 30, 2024, with revenue of 1.7 billion Hong Kong dollars...
MONGOLIA ENERGY: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Citic sec: The long-term agreement policy in 2025 may have a positive impact on coal companies with a higher proportion of long-term agreements.
The overall change in the 2025 long-term coal contract framework is not significant, with the signing ratio requirements being adjusted downwards each year.
Mongolia Energy Updates Share Registrar Office
Coal industrial concept stocks generally rose, with southgobi (01878) up 9.4%. Institutions indicate no short-term worries about the fundamentals of the coal industry.
King's Capital News | Coal stocks generally rose, SouthGobi (01878) up 9.4%, Mongolia Energy (00276) up 6.35%, Yancoal Aus (03668) up 4.23%, China Coal Energy (01898) up 4.13%, Yankuang Energy (01171) up 2.46%, Shougang Res (00639) up 1.51%. On the news front, Everbright Securities stated that the current coal industry fundamentals are worry-free in the short term, with short-term overseas disturbances and peak winter demand potentially boosting coal prices. The bank believes that with the potential impact of fundamentals and overseas disturbances, it is a good opportunity for coal industrial concept. Citic Securities
Market cap management boost + demand release, the value of the coal sector is highlighted.
Prepare for the peak and embrace the winter.
Citic Securities: Market cap management guidelines released, coal sector expected to benefit.
The leading company in the coal industry has more stable performance and is also a component stock of major indices, therefore benefiting more significantly. In addition, some undervalued and net asset value companies are also worth paying attention to.
[Brokerage Focus] Citigroup: China's coal production is steadily increasing, and inventory levels have slightly decreased.
Jinwu Finance News | Summary: Citigroup Research aims to track and analyze the high-frequency on-site demand trends in the chinese market in this series of reports. The market expectations for demand recovery are generally cautious. The report summarizes the production and inventory data of 100 sample chinese coal mines provided by Sxcoal from November 7 to 13. In the short term, the bank will adjust its investment order to gold, cement, coal, copper, aluminum, and steel stocks. Key points: 1. The thermal coal output of 100 sample coal mines in china increased by 1.3% month-on-month and by 2.2% year-on-year. 2. The production of sample coal mines in shanxi, shaanxi, and inner mongolia increased by 0.8% month-on-month respectively.
Mongolia Energy (00276.HK) held a board of directors meeting on November 25th to approve the mid-term performance.
Gelonghui November 11th news | Mongolia Energy (00276.HK) announced that the company will hold a board of directors meeting on November 25, 2024 (Monday) with the aim of approving the interim performance of the company and its subsidiaries for the six months ending September 30, 2024, as well as its release, and handling any other matters (if any).
MONGOLIA ENERGY: DATE OF BOARD MEETING