Jinwu Financial News | With strong coal stocks, Jiutai Bangda Energy (02798) rose 6.32%, Yankuang Energy (01171) rose 3.77%, Yancoal Australia (03668) rose 3.53%, China Shenhua (01088) rose 2.04%, and China Coal Energy (01898) rose 1.02%.
According to the news, the CITIC Securities Research Report said that the net profit of the listed coal companies being tracked in the first quarter fell by an average of 25% year on year, and the sector has now gradually digested expectations of declining performance. Although coal prices fell significantly in the early period, there is still support for high average price expectations throughout the year, and leading companies have value appeal in terms of valuations and dividend rate expectations. As pessimistic expectations are digested, compounded by expectations of improved demand in the middle of the second quarter, the short-term sector may pick up in the midst of shocks.