Anxin International: Maintaining Yancoal Australia's (03668) “Buy” Rating Target Price of HK$34.78
The Zhitong Finance App learned that Anxin International released a research report stating that it maintains Yancoal Australia's (03668) “buy” rating, with a target price of HK$34.78. The bank believes that the company's production will recover further this year, and profit margins will remain at a relatively good level. For the company's 2024/2025 EPS forecast, the target price is HK$1.05/1.04, and the target price is HK$34.78, respectively. Anxin International's main opinion is as follows: coal production rose sharply year on year in the first quarter, and declined from month to month. The company's commercial coal equity output in the first quarter of 2024 was 8.8 million tons, a sharp increase of 49% over the previous year.
Debon Securities: 24Q1 coal industry fund holdings increased slightly month-on-month, low allocations expanded month-on-month
In Q1 2024, the coal industry had excellent market performance, outperforming the Shanghai Composite Index by a large margin. It had both excess and absolute returns, and ranked third in the growth rate of Shenwan's Tier 1 industry.
Zhitong Hong Kong Shareholders' Rights Disclosure | April 22
Disclosure of Hong Kong Stock Shareholders' Rights | April 22
Yancoal Australia (03668.HK): Issuance of 1.141,400 deferred share rights
Gelonghui, April 19 | Yancoal Australia (03668.HK) announced that today the company has issued 1,141,369 deferred share rights to several senior management members of the company in accordance with the company's equity incentive plan.
Yancoal Australia's Output and Sales Surge in Q1
Yancoal Australia's (HKG:3668, ASX:YAL) attributable saleable coal output jumped 49% year over year to 8.8 million tons in the first quarter of 2024, according to a Thursday filing with the Hong Kong
Yankuang Energy (600188.SH): Yancoal Australia's commercial coal sales in the first quarter were 8.3 million tons, up 41% year-on-year
Yankuang Energy (600188.SH) issued an announcement that the company's holding subsidiary Yancoal Australia Limited (“Yancoal...
Yancoal Australia (03668.HK) average coal sales price in the first quarter was 180 Australian dollars/ton equity coal sales volume 8.3 million tons
Gelonghui, April 18 | Yancoal Australia (03668.HK) disclosed its quarterly report ending March 31, 2024. In the first quarter of 2024, the average coal sales price was 180 Australian dollars/ton. Cash holdings increased by $260 million. The cash balance of 31 March 2024 was $1.66 billion. On a 100% basis, raw coal production is 14 million tons. On a 100% basis, commercial coal production was 11.3 million tons. The production of equity commercial coal was 8.8 million tons. Equity coal sales volume was 8.3 million tons. Yancoal Australia has always put employee safety first and can record the total
Debon Securities: Coal supply declined in March, focus on the pace of subsequent economic recovery
Steady economic recovery and large-scale equipment upgrades are expected to support coal demand.
Anxin International: Short-term or current signs of stable coal prices are still optimistic about high dividends
The Zhitong Finance App learned that Anxin International released a research report saying that as we enter the low season, thermal coal prices have weakened, but there have been signs of stabilization in the past two days. Overall port inventories are low. Coupled with a sharp drop in coal production in Q1 this year, it is expected that coal imports may decrease in April, so it is not ruled out that coal prices will rebound slightly before summer begins. Looking at the medium to long term, we are still optimistic about coal companies' high dividend performance at relatively high coal prices this year. It is recommended to focus on Yancoal Australia (03668), Yankuang Energy (01171), China Shenhua (01088), and Shougang Resources (00639). Anxin International
Anxin International: Thermal coal prices are showing signs of short-term or stabilizing, and we are still optimistic about the high dividend performance of Hong Kong coal companies in the medium to long term
The Zhitong Finance App learned that Anxin International released a research report indicating that as we enter the low season, thermal coal prices have weakened, but there have been signs of stabilization in the past two days. Overall port inventories are low. Coupled with a sharp drop in coal production in Q1 this year, it is expected that coal imports may decrease in April, so it is not ruled out that coal prices will rebound slightly before summer begins. Looking at the medium to long term, we are still optimistic about coal companies' high dividend performance at relatively high coal prices this year. It is recommended to focus on Yancoal Australia (03668), Yankuang Energy (01171), China Shenhua (01088), and Shougang Resources (00639). Anxin International Master
China to Establish Coal Capacity Reserve System by 2027
China vowed to set up a coal capacity reserve system by 2027, aiming to secure energy security through more flexible coal supplies, according to plans the country released Friday.
Hong Kong Stock Concept Tracking | Coking coal prices may have bottomed out in April, and the coal sector is receiving attention (with concept stocks)
Coking coal prices may have bottomed out in April
Hong Kong Stock Concept Tracking | EIA Sharply Cuts US Coal Exports, Predicts Fluctuations in International Coal Prices, Attracts Attention (with Concept Stocks)
EIA slashes US coal export forecast
Changes in Hong Kong stocks | Some coal stocks rise, safety supervision intensifies supply contraction or supports the gradual release of pressure on coal prices
Some coal stocks rose. As of press release, Yankuang Energy (01171) rose 3.42% to HK$17.54; Yancoal Australia (03668) rose 3.17% to HK$29.25; and China Shenhua (01088) rose 2.35% to HK$32.6.
Coal stocks boosted, Yankuang Energy (01171) rose 3.77%, and CITIC Securities indicated that the short-term sector may pick up in the midst of shocks
Jinwu Financial News | With strong coal stocks, Jiutai Bangda Energy (02798) rose 6.32%, Yankuang Energy (01171) rose 3.77%, Yancoal Australia (03668) rose 3.53%, China Shenhua (01088) rose 2.04%, and China Coal Energy (01898) rose 1.02%. According to the news, the CITIC Securities Research Report said that the net profit of the listed coal companies being tracked in the first quarter fell by an average of 25% year on year, and the sector has now gradually digested expectations of declining performance. Although coal prices fell significantly in the early period, there is still support for the high average price expectations for the whole year. Leading companies are valuing and stocks
Coal stocks collectively rose 4.86% to Haoyankuang Energy (01171). The agency indicates that the coal sector is expected to welcome the starting point of a rearrangement
Jinwu Financial News | Coal stocks are improving collectively. Yankuang Energy (01171) rose 4.86%, Mongolian coking coal (00975) rose 4.72%, Yancoal Australia (03668) rose 3.54%, China Coal Energy (01898) rose 3.28%, and China Shenhua (01088) rose 2.71%. Guotai Junan released a research report saying that the price of thermal coal continues to decline, with the bottom looking at more than 800 yuan/ton; the price of coking coal may have reached the bottom, and there is a possibility of a “V” reversal in 2024; there is no need to be pessimistic about real estate; the Zhengzhou New Deal may become an important new policy. The reshaping of coal sector valuation is positive
Guotai Junan: Coking coal prices may reach the bottom zone in 24 years, and there is a possibility of a “V” reversal
After experiencing 7 rounds of price cuts, the profits of independent coking companies across the country according to MySteel have dropped to -155 yuan/ton. Many companies have been forced to limit production by smoldering, and the resistance to continued steel price cuts is strong. It is expected that coke prices will basically reach the bottom.
华泰证券:煤炭供应或仍保持一定韧性 淡季需求将考验煤价支撑
在淡季需求的环境下,当前已处于高位的库存或进一步面临去库压力,整体供需趋宽松,煤价支撑偏薄弱。
The Gap in Coal Supply After the Baltimore Bridge Collapse
The Baltimore bridge disaster has opened a brief opportunity for Australian coal exporters to fill a big gap in Indian coal imports -- especially coal needed by brick makers in the world's most populous nation.
Changes in Hong Kong stocks | South Gobi (01878) rose nearly 7%, leading the supply-side contraction of coal stocks. Expectations of a sharp decline in coal prices are still unlikely
Coal stocks mostly rebounded. As of press release, South Gobi (01878) rose 6.79% to HK$4.09; Mongolian coking coal (00975) rose 5.03% to HK$8.14; and Yankuang Energy (01171) rose 3.43% to HK$18.1.
No Data