01088 CHINA SHENHUA
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CHINA SHENHUA News
[Special V] Ye Shangzhi: Hong Kong stocks further retreat, domestic consumption stocks decline the most.
On June 12, the Hong Kong stock market showed a further trend of retracement and downturn. The Hang Seng Index fell for the third consecutive day, falling nearly 240 points, closing below the integer mark of 18,000 points. It should be noted that the market's trend of retracement still has a tendency to further extend, and the mid-term support zone of the Hang Seng Index is estimated to still be between 17,200 to 17,600 points. Ahead of the announcement of the results of the Federal Reserve's interest rate decision, the market's wait-and-see atmosphere is clearly increasing, but the total transaction volume of the market is still recording over 110 billion yuan, higher than the daily average level of the year, and the enthusiasm of funds participating in the market is not significantly weakened. The Hong Kong stock market still has the potential to continue its operation mode of trading stocks without trading the market. It is worth noting that
[Brokerage Focus] Haitong International: Under the tight supply and demand situation during the peak season, coal prices may fluctuate upwards overall.
Jingu Financial News | Haitong Int'l Research pointed out that the northern high temperature is approaching, and the import of coal in May has decreased as expected. The bank believes that under the drive of high temperature weather, coal demand may significantly increase, and although the production end has resumed, the incremental amount may be limited under the background of strict safety supervision. Due to the price inversion of imported coal, the import volume of coal in May decreased as expected, considering that the import has continuously been inverted from March to May, and the import volume in June is expected to also decrease. With tight supply and demand situation in the peak season, coal prices may rise overall. The bank indicated that as of June 7th, Qinhuangdao port coal prices slightly fell to 873 yuan/ton, down 1% year-on-year, up 106 yuan/ton month-on-month (an increase of -0.1%).
Hong Kong stock concept tracking | The coal import ceiling may have become clear, and the demand for coal is expected to exceed market expectations. (Attached concept stocks)
In terms of overall growth rate, the import growth rate of 2024 is significantly lower than that of 62% in 2023.
[Brokerage Focus] Citic Sec pointed out that the regulation policy on crude steel has limited impact on coal price expectations.
Jingu Finance | CITIC Securities said that the crude steel control policy has limited impact on coal price expectations. Coal prices were overall stable last week, with no significant fluctuations. In the short term, the crude steel production control policy is expected to have little impact on the annual demand expectation for coking coal, and the bank believes it will not generate negative coking coal price expectations. In the future, as thermal coal gradually enters the peak season, coal prices are still supported by expectations of the peak season, and factors such as dividend style rotation and overlapping real estate policies drive the sector's continued rebound. The bank focuses on three main lines: 1) The metallurgical coal sector, including Pingdingshan Tianan Coal Mining (601666 CH) and Huaibei Mining Holdings (600985 CH).
Coal industrial concept under pressure, China Coal Energy (01898) fell by 5.19%. Institutions predict a turning point in coking coal prices during the alternating season of August.
Coal stocks are under pressure, with Hidili Industry (01393) and Huili Resources (01303) falling by more than 9%, China Coal Energy (01898) falling by 5.19%, Yancoal Aus (03668) falling by 3.03%, and China Shenhua Energy (01088) falling by 2.76%. On the news front, in terms of coking coal, GTJA pointed out that there may be pressure for price adjustments during the off-season, but greater elasticity is expected to occur during the period of "Golden September and Silver October." The bank believes that starting from the second half of 2023, the decline in new real estate construction may narrow based on the previous land acquisition foundation, and at the same time, infrastructure will be in
HK stocks fluctuate | Coal stocks collectively fall back, the rising trend of thermal coal prices temporarily slows down, institutions expect coal prices in summer not to exceed the post-Spring Festival peak.
Coal industry stocks collectively fell. As of press time, China Coal Energy (01898) fell 5.4% to HKD9.29; Yancoal Aus (03668) fell 4.4% to HKD31.5; China Shenhua Energy (01088) fell 3.52% to HKD38.45; Southgobi (01878) fell 3.24% to HKD3.58.
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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.
South water sold over 700 million yuan of Bank of Jiangsu, while north water bought nearly 1.8 billion Hong Kong dollars of China Mobile.
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Hong Kong Stock Concept Tracking | China Coal Distribution and Marketing Association held a symposium on the work of key coal companies. Agencies analyze when coal prices accelerate and are expected to start early (with concept stocks)
In order to understand the operation of the coal market and do a good job of stabilizing the supply of coal in Yingfeng Duxia in advance, the China Coal Distribution and Marketing Association held a symposium on the work of key coal enterprises in Beijing on the afternoon of May 31 to re-mobilize the coal insurance and supply work of Yingfeng Duxia. Liu Xilong, director of the Coal Department of the Economic Operation Regulation Bureau of the National Development and Reform Commission, pointed out that in order to further improve the supply of electricity and coal in the summer, the requirements are: first, to strictly abide by the safety bottom line to ensure safe production in coal mines; second, to take more measures to promote the release of coal production capacity to ensure that coal production remains at a high level; third, to maintain an overall stable coal price level to avoid major market ups and downs; fourth,
Minsheng Securities: When coal prices accelerate, it is expected to start recommending five main investment lines early
Minsheng Securities released a research report saying that the peak demand season is approaching due to contraction in supply and inverted shipments. It is expected that short-term coal prices will be supported and that the overall trend will continue to rise slowly.
China Shenhua Energy Appoints Board Chairman; Shares Up 3%
China Shenhua Energy (HKG:1088, SHA:601088) appointed Lv Zhiren as the board's chairman with immediate effect, according to a Thursday filing on the Hong Kong bourse. Lv also stepped down as the compa
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.
Huatai Securities: Optimistic about carbon reduction and transformation or speeding up the concentration of building materials
The bank believes that the release of this action plan is expected to strengthen the regulation of production capacity in the building materials industry, promote the implementation of energy-saving transformation in the building materials and construction industry, and accelerate the integration of photovoltaics in buildings and the construction of large scenic bases. It is recommended to focus on companies related to cement, engineering transformation, and power engineering.
Zhitong Hong Kong Stock Connect Capital Flow Statistics (T+2) |May 31
Zhitong Hong Kong Stock Connect capital flow|May 31
China Shenhua Energy Appoints New Chairman
China Shenhua Elects New Board Chairman
China Shenhua (01088) elects Lu Zhiren as chairman
China Shenhua (01088) announced that on May 30, 2024, the board of directors agreed to elect Lu Zhiren as the company's fifth...
China Shenhua (601088.SH): The subsidiary plans to participate in the establishment of the National Energy (Beijing) Science and Technology Innovation Seed Fund
Gelonghui, May 30丨China Shenhua (601088.SH) announced that it has 6 subsidiaries including Guoneng Shendong Coal Group Co., Ltd. (“Shendong Coal”), Shenhua Zungeer Energy Co., Ltd. (“Zhuneng Company”), Guoneng Shuohuang Railway Development Co., Ltd. (“Shengli Energy”), Guoneng Railway Equipment Co., Ltd. (“Railway Equipment”), and Guoneng Huahuang Port Service Co., Ltd. (“Huanggang”), and China Energy Group Capital Holdings (“Huanggang”) Ltd. (“Capital Holdings”)
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