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Retail Investors Account for 45% of China Coal Xinji Energy Co.,Ltd's (SHSE:601918) Ownership, While Private Companies Account for 44%
Key Insights The considerable ownership by retail investors in China Coal Xinji EnergyLtd indicates that they collectively have a greater say in management and business strategy The top 5 shareholde
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
Damo: Target price of HK$5.8 for China Coal Energy's “holdings reduction” rating
Morgan Stanley released a research report saying that it is expected that the stock price of China Coal Energy (01898) will fall within 15 days. The probability of occurrence is over 80%. The target price is HK$5.8, and the rating is “reduced holdings.” Even though China Coal's net profit surpassed the bank's forecast of 8% last year, its payout ratio was only 30%, far below the market's high expectations of 60%. The final dividend rate of 44.2 cents per share is equivalent to 5.9%, lower than that of the same companies China Shenhua (01088) and Yankuang Energy (01171), which are expected to reach 7% to 10% (based on a minimum distribution ratio of 60%).
China Coal Xinji Energy Extends Agreements With China Coal Energy
China Coal Xinji Energy (SHA:601918) extended its purchase and loan agreements with China Coal Energy (HKG:1898, SHA:601898) in 2024, according to the company's disclosure on the Shanghai Stock Exchan
Huafu Securities: The supply and demand side of thermal coal prices in 24 may have received some support, and related companies have ushered in better investment opportunities
The Zhitong Finance App learned that Huafu Securities released a research report saying that in 2024, the overall volume and price of the Coal Changxie Plan will remain stable. The benchmark price is expected to remain at 672 yuan/ton, and the price of thermal coal will continue to fluctuate in a narrow range. Looking ahead to 2024, thermal coal supply and demand will return to a tight balance. There may be a small gap in 2025. With the support of the policy of securing supply and price stability, it is expected that the spot price of thermal coal will be supported in 2024, or may continue to fluctuate at a high level. In 2024, thermal coal prices may receive some support in terms of supply and demand. At the same time, most coal companies focus on cash dividends to give back to investors, and thermal coal-related companies have welcomed better investment
China Coal Xinji Energy's 2023 Profit Rises Nearly 2%
China Coal Xinji Energy (SHA:601918) recorded a net profit attributable to shareholders of 2.11 billion yuan in 2023, up 1.6% from 2.08 billion yuan in the previous year, the company said in its annua
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