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Jefferies Remains a Buy on Yankuang Energy Group Company Limited Class H (YZCHF)
Yankuang Energy (01171) fell by 52.40%, now trading at 9.370 yuan, hitting a 52-week low.
As of 11:47, Yankuang Energy (01171) fell by 52.40% compared to the previous closing price, now at HKD 9.370, hitting a 52-week low; with a volume of 17.9295 million shares, and a turnover of HKD 168.3713 million.
Coal industrial concept (coal industry) collectively under pressure. Mongol Mining (00975) fell by 9.87%, institutions point out that thermal coal prices are difficult to have further upward drive.
Jinwu Finance News | Coal stocks are collectively under pressure, with Green Leader (00061) falling 10%, Mongol Mining (00975) falling 9.87%, Southgobi (01878) falling 8.48%, China Shenhua Energy (01088) falling 4.91%, China Coal Energy (01898) falling 4.99%, Kinetic Dev (01277) falling 4.42%, Yankuang Energy (01171) falling 4.29%. GTJA Futures states that, overall, the current spot thermal coal prices are showing a weak and stable running trend. In terms of production areas, coal mines are mainly purchasing to ensure supply and for rigid demands such as chemicals, with a few experiencing significant price reductions.
HK stocks fluctuate| Coal stocks continue recent decline, coal demand to be observed during the off-season, institutions say market concerns about energy price decline and impact on dividends.
Coal stocks continue to decline in the near term. As of the time of writing, Mongol Mining (00975) fell by 6.18%, to HK$7.13; China Shenhua Energy (01088) fell by 4.44%, to HK$30.15; Yankuang Energy (01171) fell by 3.99%, to HK$9.39; China Coal Energy (01898) fell by 3.63%, to HK$8.47.
Yunding Technology Pays 7.4 Million-Yuan Transition Period Loss Tied to Stake Sale
gtja: The bottom of coal price in the second half of the year is expected to not break 800 yuan/ton, and the turning point is estimated to be in mid-September.
In the first half of 2024, the performance of dividend assets with a high proportion of long-term contracts continued to significantly outperform the industry. The performance pressure brought by the simultaneous decline in volume and price in the first half of the year has been released, determining that the bottom coal price in the second half of the year will not break 800 yuan/ton, and the turning point is expected in mid-September.
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