00639 SHOUGANG RES
- 2.930
- +0.010+0.34%
SHOUGANG RES News
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.
Returns Are Gaining Momentum At Shougang Fushan Resources Group (HKG:639)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? One common approach is to try and find a company with returns on capital employed
华泰证券：煤炭供应或仍保持一定韧性 淡季需求将考验煤价支撑
在淡季需求的环境下，当前已处于高位的库存或进一步面临去库压力，整体供需趋宽松，煤价支撑偏薄弱。
Changes in Hong Kong stocks | Coal stocks generally rose, China's Qinfa (00866) rose nearly 4%, China Coal Energy (01898) rose more than 3%
Coal stocks generally rose. As of press release, China's Qinfa (00866) rose 3.7% to HK$0.56; China Coal Energy (01898) rose 3.43% to HK$7.85; and Shougang Resources (00639) rose 3.28% to HK$2.83.
The Gap in Coal Supply After the Baltimore Bridge Collapse
The Baltimore bridge disaster has opened a brief opportunity for Australian coal exporters to fill a big gap in Indian coal imports -- especially coal needed by brick makers in the world's most populous nation.
Shougang Fushan Resources Posts 30% Profit Drop for 2023
Shougang Fushan Resources Group's (HKG:0639) attributable profit dropped 30% to nearly HK$1.89 billion in the year through December 2023, from Hk$2.71 billion in the previous year, according to Wednes
SHOUGANG RES To Go Ex-Dividend On June 7th, 2024 With 0.18 HKD Dividend Per Share
March 29th - $SHOUGANG RES(00639.HK)$ 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-divide
Changes in Hong Kong stocks | Shougang Resources (00639) is now down nearly 4%. Last year's net profit fell 30% year-on-year, short-term coking coal may be weak
Shougang Resources (00639) fell nearly 4%. As of press release, it was down 3.97% to HK$2.66, with a turnover of HK$42.3874 million.
The annual net profit of Shougang Resources (00639.HK) was approximately HK$2.301 billion, down about 30% year-on-year
Gelonghui, March 27, 丨 Shougang Resources (00639.HK) announced that for the year ended December 31, 2023, the Group recorded operating income of about HK$5.891 billion, a year-on-year decrease of about HK$2,324 billion or 28% from the previous year's approximately HK$8.215 billion. The decline in operating income was mainly due to a 20% year-on-year reduction in the average realized sales price of fine coking coal and a 7% year-on-year decline in coking coal sales, along with the negative impact of the average RMB exchange rate against the Hong Kong dollar falling by about 4.6% year on year. The Group recorded net profit of approximately HK$2,301 million, a year-on-year decrease of about 30%, and the company's owners
SHOUGANG RES: FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
Changes in Hong Kong stocks | Yankuang Energy (01171) fell by more than 4%, leading the decline, coal stocks are less likely to fall sharply under pressure in the short term
The Zhitong Finance App learned that coal stocks generally fell in early trading. As of press release, Yankuang Energy (01171) fell 3.62% to HK$17.02; China Coal Energy (01898) fell 2.64% to HK$7.39; Shougang Resources (00639) fell 2.05% to HK$2.86; and China Shenhua (01088) was 1.31% to HK$30.1. Guotai Junan pointed out that in the short term, the supply-side production of thermal coal may resume faster than the recovery rate of non-electricity demand. It is expected that this round of price decline may bottom out around mid-April. In terms of coking coal, in a context where demand for steel is still falling
Shougang Resources (00639.HK) held a board meeting on March 27 to approve annual results
Gelonghui, March 15, 丨 Shougang Resources (00639.HK) announced that the company will hold a board meeting on March 27, 2024 (Wednesday) to approve (among other things) the annual results of the company and its subsidiaries for the year ended 31 December 2023, and (if appropriate) consider proposals to pay a final dividend.
SHOUGANG RES: DATE OF BOARD MEETING
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