Guoxin Securities: The boom in the coal industry is expected to continue under the support of supply-side structural reforms and the long-term bargaining system
Guoxin Securities released a research report stating that coal is China's basic energy product. Under policy regulation, safe supply and flexible supply are achieved, coal for people's livelihood is guaranteed through the long-term cooperation price mechanism, and price fluctuations are calmed down. Supported by supply-side structural reforms and a long-term bargaining system, the boom in the coal industry is expected to continue. The price of coal is stable. Major coal companies operate steadily, their dividends have increased, their investment value is prominent, and they maintain the industry's “overrated” rating.
Guojin Securities: The high dividend market of coal continues to be “deterministic” to drive sector valuation reshaping
Guojin Securities released a research report saying that the 2021-10M24 coal sector index is strongly correlated with coal prices, and several rounds of the market essentially stem from performance growth expectations brought about by rising coal prices.
Debon Securities Coal Industry Fund Position Analysis: Increased allocation but still low dividend advantage highlights that there is still room to increase holdings
Debon Securities released a research report saying that according to Wind data, the coal industry allocation ratio continued to rise in the fourth quarter of 2023. After excluding Hong Kong stocks, coal stocks accounted for 1.21% of the market value of heavy public fund holdings, an increase of 0.3 pct over the previous month, but the allocation was still 0.75 pct lower.
Huatai Securities: The coal market may run smoothly before supply and demand weaken
The Zhitong Finance App learned that Huatai Securities released a research report saying that as the Spring Festival approaches, some coal mine holidays may drive supply tightening in production areas, but industrial production intensity will also gradually weaken, and power plant inventories are high and there is no need for strong storage. The bank expects the coal market to operate smoothly before the holiday season due to weak supply and demand.
Open Source Securities: China's resumption of import tariffs on coal imports weakens the price advantage of imported coal or reduces the amount of imported coal
If domestic and foreign coal price differences gradually subside in 2024, the price advantage of imported coal weakens, it will lead to expectations that China's imported coal will decrease.
Coal stocks rose collectively, Mongolian Energy (00276) rose 4.41%. Institutions say coal companies have abundant cash flow and the profitability of the industry is relatively good
Jinwu Financial News | Coal stocks rose collectively. Mongolia Energy (00276) rose 4.41%, South Gobi (01878) rose 4.12%, Jinma Energy (06885) rose 3.2%, Mongolian coking coal (00975) rose 2.75%, South-South resources (01229) rose 2.67%, Yankuang Energy (01171) rose 1.67%, China Coal Energy (01898) rose 1.65%, and China Shenhua (01088) rose 1.26%. Hualong Securities said that the coal industry has obvious characteristics of high dividends. After supply-side reforms, the operating conditions of the coal industry were greatly improved, and coal companies