00639 SHOUGANG RES
- 3.200
- +0.040+1.27%
SHOUGANG RES News
HK stock changes | Coal industry concept generally rises, peak season coal prices are expected to strengthen again, and the long-term value of the sector is unchanged despite energy consumption policies.
Coal industry stocks generally rose. As of press time, China Coal Energy (01898) rose 3.85% to HKD 9.72; China Shenhua Energy (01088) rose 3.29% to HKD 39.3; Yankuang Energy (01171) rose 2.96% to HKD 18.1.
Shougang Fushan Resources Group Limited's (HKG:639) Share Price Not Quite Adding Up
There wouldn't be many who think Shougang Fushan Resources Group Limited's (HKG:639) price-to-earnings (or "P/E") ratio of 9.3x is worth a mention when the median P/E in Hong Kong is similar at about
Changes in Hong Kong stocks | Coal stocks are generally higher, coal prices are strong during the peak season, and sector valuations are still expected to rise
The Zhitong Finance App learned that coal stocks were generally higher. As of press release, China's Qinfa (00866) rose 8.77% to HK$0.62; Mongolian coking coal (00975) rose 5.12% to HK$9.85; China Coal Energy (01898) rose 4.91% to HK$9.83; Shougang Resources (00639) rose 3.71% to HK$3.63; China Shenhua (01088) rose 2.8% to HK$38.55. According to the news, Shanxi Securities pointed out that it is difficult to further relax the relationship between coal supply and demand in 2024. As the peak summer season approaches, domestic coal is expected
With summer at its peak, rising coal prices led to an increase in coal stocks, China's Qinfa (00866) rose 10.53%
Jinwu Financial News | Coal stocks rose collectively. China's Qinfa (00866) rose 10.53%, China Coal Energy (01898) rose 5.12%, Mongolian coking coal (00975) rose 4.06%, Shougang Resources (00639) rose 4%, China Shenhua (01088) rose 2.93%, and Yankuang Energy (01171) rose 2.68%. Anxin International said that with the arrival of summer, coal prices are rising. In addition, the daily consumption of coal has increased, and coal prices may fluctuate and rise later. There was also a slight increase in thermal power generation in April, and daily coal consumption also increased. It is expected that summer will follow.
SHOUGANG RES To Go Ex-Dividend On June 7th, 2024 With 0.18 HKD Dividend Per Share
May 31st - $SHOUGANG RES(00639.HK)$ is trading ex-dividend on June 7th, 2024. Shareholders of record on June 11th, 2024 will receive 0.18 HKD dividend per share on July 26th, 2024. The ex-dividend
Anxin International: The coal industry faces peak summer price increases, it is recommended to focus on Yancoal Australia (03668), etc.
Anxin International is optimistic about the high dividend performance of coal companies that will maintain relatively high coal prices this year.
Changes in Hong Kong stocks | Mongolian coking coal (00975) rose nearly 6%, leading the rise in coal stocks, electricity and coal demand is expected to improve, and coke prices are supported
Coal stocks generally rose in early trading. As of press release, Mongolian coking coal (00975) rose 5.68% to HK$10.04; Shougang Resources (00639) rose 5.52% to HK$3.63; China Coal Energy (01898) rose 3.52% to HK$9.42; and China Shenhua (01088) rose 2.85% to HK$37.9.
Haitong Securities: 24Q1 performance is under pressure, coal may still fluctuate and adjust in the short term
Currently, the prices of thermal coal and coking coal have both entered the bottom fluctuation range, but the upward trend is yet to be further boosted by the demand side.
Tianfeng International: What are the future expectations of the coal price increase industry?
Regarding the recent month-on-month rise in thermal coal prices, it is mostly due to supply-side contraction. Coking companies have maintained a strategy of low inventory for a long time. Currently, coking coal stocks are at their lowest level in nearly 5 years.
Shougang Fushan Resources Group's (HKG:639) 27% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. And while active stock picking involves risks (and requires diver
Changes in Hong Kong stocks | China Coal Energy (01898) rose more than 4%, leading the way. Demand and coal prices for coal stocks are expected to gradually break out of their trough starting in the second quarter
Coal stocks continued to rise in early trading. China Coal Energy (01898) rose 3.92% to HK$8.48; Yankuang Energy (01171) rose 3% to HK$18.56; Shougang Resources (00639) rose 2.62% to HK$3.13; and China Shenhua (01088) rose 1.33% to HK$34.35.
Guojin Securities: The first rise in coal prices in the beginning of the year is expected to pull back slightly in May after the off-season catalyzed by port storage
After the off-season coal prices fell under pressure in March-April, coal prices in the port market are expected to bottom out in May, but the increase is limited. Judging from the 1-2 M24 coal price fluctuation experience, whether the port can successfully go to storage is an important condition for whether market coal prices can recover after the off-season.
SHOUGANG RES: Annual Report 2023
Debon Securities: 24Q1 coal industry fund holdings increased slightly month-on-month, low allocations expanded month-on-month
In Q1 2024, the coal industry had excellent market performance, outperforming the Shanghai Composite Index by a large margin. It had both excess and absolute returns, and ranked third in the growth rate of Shenwan's Tier 1 industry.
Declining Stock and Solid Fundamentals: Is The Market Wrong About Shougang Fushan Resources Group Limited (HKG:639)?
With its stock down 9.9% over the past three months, it is easy to disregard Shougang Fushan Resources Group (HKG:639). However, a closer look at its sound financials might cause you to think again.
Debon Securities: Coal supply declined in March, focus on the pace of subsequent economic recovery
Steady economic recovery and large-scale equipment upgrades are expected to support coal demand.
Anxin International: Short-term or current signs of stable coal prices are still optimistic about high dividends
The Zhitong Finance App learned that Anxin International released a research report saying that as we enter the low season, thermal coal prices have weakened, but there have been signs of stabilization in the past two days. Overall port inventories are low. Coupled with a sharp drop in coal production in Q1 this year, it is expected that coal imports may decrease in April, so it is not ruled out that coal prices will rebound slightly before summer begins. Looking at the medium to long term, we are still optimistic about coal companies' high dividend performance at relatively high coal prices this year. It is recommended to focus on Yancoal Australia (03668), Yankuang Energy (01171), China Shenhua (01088), and Shougang Resources (00639). Anxin International
Anxin International: Thermal coal prices are showing signs of short-term or stabilizing, and we are still optimistic about the high dividend performance of Hong Kong coal companies in the medium to long term
The Zhitong Finance App learned that Anxin International released a research report indicating that as we enter the low season, thermal coal prices have weakened, but there have been signs of stabilization in the past two days. Overall port inventories are low. Coupled with a sharp drop in coal production in Q1 this year, it is expected that coal imports may decrease in April, so it is not ruled out that coal prices will rebound slightly before summer begins. Looking at the medium to long term, we are still optimistic about coal companies' high dividend performance at relatively high coal prices this year. It is recommended to focus on Yancoal Australia (03668), Yankuang Energy (01171), China Shenhua (01088), and Shougang Resources (00639). Anxin International Master
China to Establish Coal Capacity Reserve System by 2027
China vowed to set up a coal capacity reserve system by 2027, aiming to secure energy security through more flexible coal supplies, according to plans the country released Friday.
Guotai Junan: Coking coal prices may reach the bottom zone in 24 years, and there is a possibility of a “V” reversal
After experiencing 7 rounds of price cuts, the profits of independent coking companies across the country according to MySteel have dropped to -155 yuan/ton. Many companies have been forced to limit production by smoldering, and the resistance to continued steel price cuts is strong. It is expected that coke prices will basically reach the bottom.
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