金馬能源:2023年度報告
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.
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.
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.
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。
Jinma Energy (06885) announced 2023 results. Profit attributable to owners of 22.324 million yuan decreased by 94.71% year-on-year
Jinma Energy (06885) announced its 2023 results, with revenue of about 12.072 billion yuan, a year-on-year decrease of about 3%;...
JINMA ENERGY: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
Jinma Energy (06885.HK) held a board meeting on March 27 to consider and approve annual results as appropriate
Glonghui, March 8, 丨 Jinma Energy (06885.HK) announced that the company is pleased to hold a board meeting on March 27, 2024 (Wednesday) on (among others) the following matters to: 1. Consider and approve the audited annual results of the Company and its subsidiaries for the year ended 31 December 2023, as well as the audited annual results announcements to be published separately on The Stock Exchange of Hong Kong Limited and the Company's website; 2. Consider and approve the payment of a final dividend (if any); and 3. Handle other matters.
JINMA ENERGY: NOTICE OF BOARD MEETING
Debon Securities: “Gold, Three, Silver, Four” peak season is approaching and coal prices are fluctuating
Debon Securities released a research report saying that safety production in coal mines has now become a national priority. Safety inspections are expected to remain at high pressure, capacity utilization is constrained, and supply contraction expectations are strengthened.
Henan Jinma Energy Expects Up to Breakeven Performance in 2023
Henan Jinma Energy (HKG:6885) forecasts it will incur a "substantial adjustment" in its attributable comprehensive income or go breakeven in 2023 compared with 2022, a Monday filing sia.d The expected
Jinma Energy (06885.HK) Profit Alert: It is expected that the total overall income attributable to the company's owners will be significantly adjusted to break-even in 2023
On February 26, GLONGHUI | Jinma Energy (06885.HK) announced that the Group expects the total overall income attributable to company owners for the year ended December 31, 2023 to be substantially adjusted to breakeven. The estimated reduction in this performance is mainly due to a decrease in the gross profit of the coke segment. The reason is that the price of coal (raw material for coke) in 2023 and the price of coke in the same period had different adjustments, leading to a continuous narrowing of gross margin. Compared with 2022, the Group's average purchase price of coal fell by about 13% in 2023, while the average sales price of the Group's coke fell by about 19%.
JINMA ENERGY: PROFIT WARNING
Cathay Pacific Junan: The reshaping of coal valuations for “stable high-dividend” assets may have just begun
Safety regulations are getting stricter, and coal supply is shrinking or exceeding expectations
Huatai Securities: Production in Shanxi may be difficult to increase in 2024 to support coking coal prices
As the main producer of coking coal in the country, Shanxi has had a big impact on coking coal supply. The bank is optimistic about coking coal prices this year.
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.
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