Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;

Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;

Futu NewsDec 20 16:23

Hong Kong stocks are fluctuating | Coal prices hit a new low for the year, Coal Industrial Concept (coal Industry) stocks collectively declined, China Coal Energy fell by 6%.

On December 20, according to Gelonghui, coal stocks in the Hong Kong market collectively fell, with SOUTHGOBI down over 11%, GRAND OCEAN AR down nearly 9%, PER ENERGY and HIDILI INDUSTRY down over 7%, China Coal Energy down 6%, MONGOL MINING down over 5%, SHOUGANG RES and YANKUANG ENERGY down over 2%. In news, with the peak consumer season approaching, coal prices have continued to decline after falling below 800 yuan/ton. On December 11, the spot closing price of 5500 kcal Thermal Coal at Qinhuangdao Port was reported at 799 yuan/ton, marking the first time this year that it fell below the 800 yuan/ton threshold; on December 13, the market price of CCTD CNI Bohai Index 5500 kcal Thermal Coal dropped to 8.

Gelonghui FinanceDec 20 16:03

Coal Industrial Concept stocks are generally declining, China Coal Energy (01898) fell by 5.64%. Institutions indicate that at the current time, the high inventory of Thermal Coal still puts pressure on coal prices.

Jinwu Financial News | Coal Industrial Concept(coal Industry) stocks broadly declined, with SOUTHGOBI (01878) falling 8.5%, HIDILI INDUSTRY (01393) down 7.58%, CHINA QINFA (00866) dropping 5.93%, China Coal Energy (01898) down 5.64%, China Shenhua Energy (01088) falling 3.77%, MONGOL MINING (00975) down 3.66%, SHOUGANG RES (00639) declining 3.15%, YANKUANG ENERGY (01171) down 2.91%, and YANCOAL AUS (03668) falling 2.67%. Sealand stated that at this current point in time, with high inventory of Thermal Coal, the coal price still...

Jingwu Financial NewsDec 20 13:34

Hong Kong stock market midday review | All three Indexes rose, Semiconductors and Tencent Related stocks strengthened, Weimob surged over 16%, Semiconductor Manufacturing International Corporation rose over 10%, and Tencent increased over 3%.

Network Technology stocks generally fell, KUAISHOU-W dropped 4.65%, Alibaba-W fell 3.32%; many Coal Industrial Concept stocks declined, SOUTHGOBI fell 8.50%, China Coal Energy dropped 5.01%; Mobile Game stocks rose, BOYAA fell 5.06%, TENCENT increased 3.08%;

Futu NewsDec 20 12:09

IEA: This year, Global Coal consumption is expected to reach a new high of 8.77 billion tons.

The International Energy Agency (IEA) released a report stating that after a sharp decline in Global Coal usage during the peak of the pandemic, a strong rebound has been observed, with projections indicating that it will reach a historic high of 8.77 billion tons this year, and the demand for Coal is expected to remain stable until 2027. The report highlights that although the demand for Electrical Utilities has surged, active deployment of Wind Power is curbing the growth of Coal usage. Therefore, China, as the world's largest Consumer of Coal, becomes very important, with an expected demand of 0.14 billion tons by 2027, which overall depends on the application of Wind Power. The report also mentions that in most developed economies, the demand for Coal has already peaked and will continue to do so in 2.

AASTOCKSDec 18 14:20

Morgan Stanley: Maintains YANKUANG ENERGY (01171) 'Shareholding' rating, Target Price lowered to HKD 8.31.

Morgan Stanley released a research report stating that it raised the earnings per share forecast for YANKUANG ENERGY (01171) for 2024-2025 by 7.8% and 8% to 1.47 and 1.52 yuan respectively, while lowering the earnings per share forecast for 2026 by 2.9% to 1.75 yuan.

Zhitong FinanceDec 16 10:28