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Huili Resources (Group) Limited (HKG:1303) Surges 33% Yet Its Low P/E Is No Reason For Excitement
Despite an already strong run, Huili Resources (Group) Limited (HKG:1303) shares have been powering on, with a gain of 33% in the last thirty days. The annual gain comes to 115% following the lates
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
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.
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.
Huili Resources (Group)'s (HKG:1303) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Huili Resources (Group) Limited's (HKG:1303) recent weak earnings report didn't cause a big stock movement. However, we believe that investors should be aware of some underlying factors which may be
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