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Optimistic Investors Push China Qinfa Group Limited (HKG:866) Shares Up 31% But Growth Is Lacking
Despite an already strong run, China Qinfa Group Limited (HKG:866) shares have been powering on, with a gain of 31% in the last thirty days. This latest share price bounce rounds out a remarkable 3
China Qinfa Group Guarantees for Tongmei Qinfa With 249 Million Yuan
China Qinfa Group (HKG:0866) along with several of its subsidiaries, agreed to provide a joint liability guarantee of 249 million yuan to China Everbright Bank for the repayment obligations of Tongmei
China Qinfa (00866) and its subsidiaries have provided guarantee for the repayment obligation of Tongmei Qinfa.
Zhitong Finance APP news, China Qinfa (00866) announced that on June 7, 2024, the company, the non-wholly owned subsidiary of the company, Huamei Ao Energy, the subsidiary of Qinfa Logistics (as guarantor) have entered into a guarantee agreement with China Everbright Bank Co., Ltd. Zhuhai Branch as the beneficiary of the creditor. Accordingly, they have agreed to provide a guarantee of RMB 249 million to the creditor based on common and individual benchmarks for the repayment obligations of the same coal Qinfa. It is reported that the subsidiary of Huamei Ao Energy includes Shanxi Shuozhou Pinglu District Huamei Aoxingtao Coal Co., Ltd., Shanxi Shuozhou Pinglu District Huamei Aofengxi Coal Co., Ltd. and
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.
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.
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