01091 SOUTH MANGANESE
- 0.465
- +0.035+8.14%
SOUTH MANGANESE News
Changes in Hong Kong stocks | Southern Manganese (01091) rose more than 16% in the past six days, and the South32 incident drove a sharp rise in manganese ore
The Zhitong Finance App learned that Southern Manganese (01091) rose more than 16%, with a cumulative increase of nearly 75% in the past six trading days. As of press release, it rose 13.95% to HK$0.49, with a turnover of HK$11534,400. According to the news, Australian mining company South32 previously issued an announcement stating that due to the impact of tropical cyclone Megan, the company's GEMCO manganese ore operations were interrupted, and the company expects terminal operations and manganese ore export business to resume in the first quarter of 2025. Affected by this, the overall price of manganese silicon futures has shown a strong upward trend since April, with a cumulative increase
Capital Allocation Trends At South Manganese Investment (HKG:1091) Aren't Ideal
Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase? A business that's potentially in decline often shows two trends, a return on ca
Changes in Hong Kong stocks | Southern Manganese (01091) rose more than 24% in the afternoon. The suspension of Australian manganese operations is expected to reduce global manganese supply by more than 10% in 2024
Southern Manganese (01091) rose by more than 24% in the afternoon, with a cumulative increase of more than 80% during the month. As of press release, it rose 21.62% to HK$0.45, with a turnover of HK$11.344 million.
南方錳業：二零二三年年度報告
Hong Kong Stock Concept Tracking | Leading Australian manganese ore companies suspended export sales and terminal operations for a year, leading companies benefited from a sharp rise in manganese prices (with concept stocks)
Manganese ore prices continued to rise last week (April 15-19). On April 19, the CIF price of the Fastmarkets' weekly high-grade manganese ore index in Tianjin was 4.86 US dollars/tonne, up 1.25% from 4.80 US dollars/dry tonne on April 12, and 13.29% higher than 4.29 US dollars/tonne on the 4th. According to sources, port spot prices for high-grade manganese ore also rose sharply after South32 announced the news, while traders and smelters had mixed feelings. South32 announced in its quarterly report on Sunday April 21 that it is located at the Australian University
The Southern Manganese Industry continued to increase by more than 28% in the afternoon, and the manganese ore market showed significant gains
Southern Manganese (01091) continued to increase in the afternoon. The stock price rose 27.78%. It now reports HK$0.345, with a turnover of HK$12.1210.6 million. According to a report by My Steel Network, there was a clear rise in the manganese ore market on April 8. Most miners chose not to bid for the time being. Some prices were mainly at higher prices. Prices for mainstream mines increased significantly. Tianjin Gangcheng had a small number of high-ranking transactions. As goods rights were concentrated, manganese ore was not shipped at low prices for the time being. In the new round, foreign market prices are high, and miners are less willing to ship, and shipments are being carried out after waiting for a substantial rise in manganese ore prices. Currently, they are mainly wait-and-see.
Changes in Hong Kong stocks | Southern Manganese (01091) rose nearly 25% in the morning, and the manganese ore market showed significant gains, South32 previously announced that manganese ore shipments had encountered force majeure
The Zhitong Finance App learned that Southern Manganese (01091) rose nearly 25% in the morning. As of press release, it rose 24.07% to HK$0.335, with a turnover of HK$11.2093 million. According to the news, according to a report from My Steel Network, there was a clear rise in the manganese ore market on April 8. Most miners chose not to bid for the time being. Some prices were mainly based on higher prices. Prices for mainstream mines increased significantly. Tianjin Gangcheng had a small number of high-ranking transactions. As goods rights were concentrated, manganese ore was not shipped at low prices for the time being. In a new round of high external prices, miners are less willing to ship, and shipments are being carried out after waiting for a substantial rise in manganese ore prices. Currently, prices are being raised by wait-and-see
Southern Manganese (01091.HK)'s 2023 revenue of HK$17.134 billion increased 6.9% year-on-year
On March 19, Gelonghui (01091.HK) announced that in 2023, the company's revenue was HK$17,134.0 million, up 6.9% year on year. Gross margin was 5.5%, down 3.1 percentage points from 8.6% in 2022. Profit attributable to company owners was HK$64.1 million (2022: HK$336.1 million).
SOUTH MANGANESE: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
Southern Manganese Industry (01091) expects net profit to be around HK$54 million to HK$65 million in 2023, a year-on-year decrease of 80.7% to 83.9%
According to the Zhitong Finance App, Southern Manganese (01091) announced that it is estimated that the group's profit attributable to the company's owners in 2023 will be approximately HK$54 million to HK$65 million, a year-on-year decrease of 80.7% to 83.9%. According to the announcement, the main reasons for the reduction in profit are as follows: the average sales price of the Group's two main products, namely electrolytic manganese and alloy products, fell compared to 2022 due to the return to normal production after the epidemic, an increase in supply and a decline in overall market demand; in 2023, lithium manganate experienced a gross loss due to a sharp drop in prices
SOUTH MANGANESE: (1) DATE OF BOARD MEETING; AND (2) PROFIT WARNING
Southern Manganese [01091] now reports HK$0.179, a decrease of 10.05%
As of 11:47, Southern Manganese [01091] reported HK$0.179, down 0.02 HK$0.02 or 10.05% from yesterday's closing price. Today's high price was HK$0.199 and the lowest price was HK$0.18. Based on yesterday's closing price, the 10-day average price was HK$0.39, and the 50-day average price was HK$0.59. The current price-earnings ratio was 2.03 times, and the 14-day strength index reported 18.28.
Southern Manganese [01091] now reports HK$0.191, an increase of 10.41%
As of 15:26, Southern Manganese [01091] reported HK$0.191, up HK$0.018 or 10.41% from the closing price of HK$0.173, with a turnover of HK$4.3915 million. Today's high price was HK$0.191, and the lowest price was HK$0.165. Based on yesterday's closing price, the 10-day average price was HK$0.45, and the 50-day average price was HK$0.61. The current price-earnings ratio was 1.77 times, and the 14-day strong and weak index reported 15.60.
Southern Manganese (01091) fell 4.70% to 0.165 yuan, hitting a 52-week low
As of 09:37 Southern Manganese (01091), down 4.70% from yesterday's closing price, now reports $0.165, a 52-week low; the trading volume is 1.603 million shares, with a turnover of HK$269,300.
Changes in Hong Kong stocks | Southern Manganese (01091) resumed trading and plummeted 50%. Profit attributable to shareholders fell by more than 60% year on year in the first half of last year
The Zhitong Finance App learned that trading of Southern Manganese (01091) was suspended on March 30, 2023, and resumed trading plummeted 50% today. As of press release, it fell 49.49% to HK$0.25, with a turnover of HK$4.702 million. According to the news, Nanfang Manganese issued its 2022 and 2023 interim results on November 29. The report shows that the company's revenue in 2022 was approximately HK$16.032 billion, up 24.9% year on year. Profit attributable to company owners was HK$336 million, a decrease of 26% over the previous year. In the first half of 2023, the company achieved revenue of 7.733 billion
Southern Manganese (01091): All conditions set out in the resumption guidelines have been met to resume trading on February 5
Southern Manganese (01091) announced that the company's shares will resume trading at 9:00 a.m. on February 5, 2024...
Southern Manganese (01091.HK) resumed trading this morning
Gelonghui February 5 丨 Southern Manganese (01091.HK) announced that the company's shares will resume trading at 9:00 a.m. today (5/2/2024).
South Manganese Seeks HKEX Nod for Trading Resumption
South Manganese Investment (HKG:1091) has submitted an application to the Hong Kong bourse requesting a resumption of trading of its shares from Feb. 5, 2024, given that the firm has met the HKEX's re
Southern Manganese (01091.HK) reached the resumption guidelines to resume trading on the 5th
Gelonghui, Feb. 2: Southern Manganese (01091.HK) announced that the company has met all the conditions set out in the guidelines for resuming trading. The company has applied to the Stock Exchange to resume share trading at 9:00 a.m. on February 5, 2024.
Ministry of Finance: The total profit of state-owned enterprises in 2023 was 4633.28 billion yuan, up 7.4% year-on-year
From January to December, the main efficiency indicators of state-owned and state-owned enterprises across the country continued to grow steadily, and the upward trend was further consolidated.
Analysis
Price Target
No Data
