601898 China Coal Energy
- 12.62
- -0.48-3.66%
China Coal Energy News
Express News | The State-owned Assets Supervision and Administration Commission: Promoting central enterprises to deepen their Industry Chain Global Strategy cooperation, leading the repayment of debts owed to private enterprises, and making every effort to stabilize em
The benchmark coal price in Qinhuangdao has dropped to over 800 yuan per ton, setting a new low since mid-last year.
According to data quoted by Bloomberg from Thermal Group, the benchmark Coal price in Qinhuangdao fell to 803 yuan per ton yesterday (12th), approaching the break-even point after accounting for the costs of remote western mining and transportation, and is the lowest level since June of last year when Coal prices briefly fell below 800 yuan. The report indicates that Coal prices in China have accumulated a 14% drop from the highs at the beginning of this year, with some market reports suggesting that utility Institutions have reached record inventory levels which has suppressed demand, while domestic industrial demand remains weak. The Lunar New Year will arrive at the end of January next year, and economic activity is expected to decrease at that time, affecting Coal prices.
Express News | Everbright: China Coal Energy has stable profitability and low valuation characteristics, initiating a "Shareholding" rating.
Research Reports digging for gold丨Everbright: China Coal Energy has characteristics of stable profitability and low valuation, initiating a "Shareholding" rating.
Everbright's Research Reports indicate that China Coal Energy (601898.SH), as a leading Thermal Coal enterprise, has characteristics of steady profitability and low valuation, initiating coverage with a "Shareholding" rating. The company holds proven reserves of 26.65 billion tons and recoverable reserves of 13.87 billion tons, ranking third among listed companies in terms of proven reserves and first in recoverable reserves. Based on recoverable reserves and 2023 production, the average recoverable lifespan of the company's coal is as high as 103 years. With guarantees in production and sales volume, prices, and dividend ratios, the company's profitability and dividends are assured for the next few years.
China Coal Energy (601898): A leading state-owned enterprise in Coal with abundant resource reserves and low valuation.
A state-owned enterprise leading in Thermal Coal with sufficient resource reserves. (1) The company is controlled by the State-owned Assets Supervision and Administration Commission of the State Council and has a background of state-owned enterprises. As of Q3 2024, China Coal Group holds a 57.41% stake; (2) The company has reserves of 266.
Coal Industrial Concept shares generally rise. YANCOAL AUS (03668) increases by 2.7% as the peak winter coal supply and demand sees "three highs and one decrease."
Jinwu Finance | Coal Industrial Concept stocks rose overall, GREEN LEADER (00061) increased by 3.13%, KINETIC DEV (01277) rose by 2.76%, YANCOAL AUS (03668) increased by 2.7%, SHOUGANG RES (00639) rose by 1.89%, China Coal Energy (01898) increased by 1.01%, and YANKUANG ENERGY (01171) also followed the rise. According to the Central Meteorological Administration, a strong cold air mass will affect most areas of our country from the 11th to the 14th, and from the 15th to the 16th, the minimum temperature line of zero degrees Celsius will push south to the middle and lower reaches of the Yangtze River. The relevant officials from the National Energy Administration introduced that this year
Quick view of the Hong Kong market | All three major indexes fell, with the tech index dropping over 1%; tech stocks and Insurance stocks weakened, Bilibili fell more than 5%; FOSUN TOURISM resumed trading and rose by 80%.
Network Technology stocks fell broadly, JD-SW fell by 2.80%, MEITUAN-W fell by 2.79%; Digital Health stocks declined, ZA ONLINE fell by 1.85%, MediChina fell by 1.41%; Real Estate Developers' stocks also fell, SUNAC rose by 5.36%, SHK PPT fell by 2.55%;
Hong Kong Stock Concept Tracking | The short-term peak season for the Coal Industry begins, Institutions are Bullish on dividend Asset allocation (with related stocks attached)
The cost-effectiveness of dividend asset allocation is once again apparent, and Institutions are bullish on the current layout window.
Hong Kong Stock Market Afternoon Review | The three major Indexes showed mixed results, with Gold and Medical Devices stocks rising, Siasun Robot&Automation surged over 24%, and ZHAOJIN MINING increased by over 5%.
Network Technology stocks declined, with Bilibili-W falling by 2.93% and SenseTime-W dropping by 1.25%; Golden Industrial Concept stocks strengthened, as LINGBAO GOLD rose by 6.18% and ZHAOJIN MINING increased by 5.47%; Insurance stocks decreased, with China Pacific Insurance down by 2.08% and New China Life Insurance falling by 1.34%;
China Coal Energy (SEHK:1898) Surpasses Production Goals, Faces Profitability Challenges Amid Market Pressures
In November, china csi commodity equity index fell monthly to 112.4.
The China Logistics and Purchasing Federation announced that the csi commodity equity index for November was 112.4, a decline of 0.8% from the previous month, mainly affected by the drop in prices of black metals and nonferrous metals, leading to a slight adjustment in the csi commodity equity index. Among 50 types of commodities closely monitored by the China Logistics and Purchasing Federation, 20 commodities saw a month-on-month price increase in November. The price index for minerals continued to rise, indicating continuous expansion of infrastructure-related activities. Additionally, the shenzhen agricultural products group price index also achieved a rebound from its low point, showing demand in the mainland consumer market.
[Brokerage Focus] gtja: In 2025, 'stability' will still be the keyword of the coal industry.
Golden age financial news | Gtja stated that looking ahead to 2025, "stability" remains the key word for the coal industry, with coal prices having a bottom and marginal supply and demand slightly weakening. The industry determines that under the assumption of neutral policy expectations, the paper margin of supply and demand for coal will slightly weaken compared to 2024: the core increment of supply comes from shanxi increasing production (about 70 million tons on a year-on-year basis), but the impact on actual sales volume is expected to be weaker than production data; on the demand side, with coal consumption weakening against the background of marginal contributions from hydropower and new energy, it may still maintain a good growth of 2.5-3%, not taking into account policy impacts for non-electric coal, steel and cement demand may continue to decline.
Express News | GTJA's coal strategy for 2025: Seeking 'certainty' in the midst of uncertainty.
Hong Kong stock concept tracking | Coal prices continue to remain high, institutions are bullish on the coal sector's interest rate arbitrage trade (including concept stocks)
With the continuous implementation of repurchase, shareholding, refinancing, and other mmf tools such as SFISF, arbitrage trade is expected to continuously deepen the value of coal dividends.
Hong Kong stocks are experiencing fluctuations | Coal industrial concept (coal industry) strengthened during trading. Institutions expect thermal medium prices to gradually recover by the end of the year. Energy demand may remain high in the short term.
The coal industrial concept (coal industry) strengthened during trading, as of the time of writing, china coal energy (01898) rose 3.65% to 9.65 HKD; china shenhua energy (01088) increased by 3.36% to 33.8 HKD; southgobi (01878) grew 2.61% to 3.93 HKD; china qinfa (00866) went up by 2.17% to 1.41 HKD.
Many coal industrial concept stocks are moving up against the market trend, with China Shenhua Energy (01088) rising by 2.7%. Institutions predict that thermal coal prices will gradually recover by the end of the year in the fourth quarter.
Jinwu Financial News | Most coal industrial concept stocks rose against the market, with kinetic dev (01277) up 3.6%, china shenhua energy (01088) up 2.7%, china coal energy (01898) up 1.93%, and yankuang energy (01171) up 1.2%. Jianyin International released a research report stating that driven by the seasonal increase in heating demand and the reduction in inventory days of china power company, the bank expects thermal coal prices to gradually recover by the end of the fourth quarter. For next year, based on improving economic conditions and nationwide coal production controls, the bank anticipates thermal coal prices to rise modestly by 5%, reaching 905 yuan per ton.
[Brokerage Focus] Standard Chartered International predicts that China's thermal coal demand will increase by 4.9% year-on-year in 2025.
Jingu Financial News | CICC’s research report pointed out that driven by the increase in seasonal heating demand and the reduction of inventory days of China Power Company, the bank expects that thermal coal prices will gradually recover at the end of the fourth quarter. For next year, based on improved economic conditions and nationwide coal production control, the bank expects thermal coal prices to rise moderately by 5%, reaching 905 yuan per ton. Considering that the recent performance of coal prices has been lower than expected, the forecasted thermal coal prices for 2024F and 2025F have been revised down to 865 yuan/ton and 905 yuan/ton respectively, which is 21% and 25% lower than previous forecasts. The bank pointed out, thermal power generation
Coal: can be both offensive and defensive, act according to timing.
The sector has investment value and there are also stage-specific trade opportunities.
Hong Kong stock concept tracking | The State-owned Assets Supervision and Administration Commission + Development and Reform Commission improve the liability exemption mechanism for central enterprises. Institutions focus on the investment value of centra
Establishing a mechanism for due diligence and compliance to exempt accountability in two departments.
Express News | Two departments: In response to the issues of state-owned capital venture investments being "reluctant to invest" and "unwilling to invest", a sound assessment and compliance exemption mechanism suitable for the characteristics of state-owned central ente
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