Hong Kong stocks are moving differently | Electric Power stocks rise against the trend. Institutions state that southbound capital is accelerating its Inflow into Hong Kong Electric Power stocks, and the policy efforts are far from over.
Electric Power stocks rose against the market trend. As of the time of writing, CGN POWER (01816) increased by 4.88%, priced at 2.58 HKD; Huadian Power International Corporation (01071) rose by 4.59%, priced at 3.87 HKD; CHINA LONGYUAN (00916) went up by 2.24%, priced at 6.38 HKD; Huaneng Power International, Inc. (00902) increased by 2.21%, priced at 4.17 HKD; CHINA RES POWER (00836) rose by 1.95%, priced at 17.74 HKD.
Hong Kong stocks fluctuated丨Coal Industrial Concept(coal Industry) stocks broadly declined. Institutions expect that supply in the industry may be more relaxed by 2025.
On February 17, according to Gelonghui, the performance of Coal Industrial Concept (coal Industry) stocks in Hong Kong was sluggish. Among them, MONGOL MINING fell by 2.4%, China Shenhua Energy and SOUTHGOBI dropped by 2%, China Coal Energy declined by 1%, and YANCOAL AUS and YANKUANG ENERGY followed suit. In terms of news, a previous report from CITIC SEC indicated that prices for various types of coal would continue to fall in 2024, with an average decline of 14%, and the largest drop in anthracite prices. Outlook for coal prices in 2025: The coal price center is likely to move downward, but with preliminary cost support. It is expected that supply in the Industry might be more relaxed in 2025, with pressure on the coal price center to decline. The market price center for Qinhuangdao 5500 Kcal Thermal Coal is expected to be around 820 yuan/ton.
Express News | The State-owned Assets Supervision and Administration Commission of the State Council: Continuously improve the quality of central enterprises' controlled listed companies, and constantly improve and strengthen Market Cap management.
Finance Associated Press Venture Capital: In January, financing in the Carbon Neutrality sector totaled 1.61 billion yuan, a decrease of 95.03% month-on-month. Li Chuang Autos Electronics completed its first round of financing of nearly 0.5 billion yuan.
According to data from the China Finance Association's Venture Capital platform, in January, there were a total of 69 private equity investment events in the domestic Carbon Neutrality sector, a decrease of 28.13% from 96 events last month; The total disclosed financing amounted to approximately 1.61 billion yuan, down 95.03% from 32.404 billion yuan last month.
Selected announcements|HUA HONG SEMI's Q4 sales revenue increased by 18.4% year-on-year; AAC TECH's net income for 2024 is expected to increase by over 130%-145%.
In January, New China Life Insurance's original premium income increased by more than 30% year-on-year; CGN NEW ENERGY generated 1,527.6 gigawatt-hours in January, a decrease of 7.5% year-on-year.
China Coal Energy Co., Ltd. announced the main production and operation data for January 2025
China Coal Energy Coal Output, Sales in January Remain Unchanged Year-on-Year
China Coal Energy Releases January 2025 Operational Data
Express News | China Coal Energy: In January, the sales volume of Commodity coal was 21.63 million tons, a year-on-year decrease of 9.2%.
Morgan Stanley: Maintains China Coal Energy (01898) "In line with the market" rating, Target Price raised to HKD 9.12.
Morgan Stanley raised its profit forecast for China Coal Energy for 2024-2026 by 9-11%.
[Brokerage Focus] CITIC SEC suggests that the short-term performance of the Coal Sector may have potential after the holiday.
Jingu Financial News | A Research Report from CITIC SEC indicates that reviewing the data performance in the month following the Spring Festival over the years, coal prices exhibit short-term low volatility characteristics, and most years show positive returns in this Sector; however, excess returns are only reflected in 1 to 2 weeks. This year, before and after the Spring Festival, there are no unexpectedly negative factors overseas, and the fundamentals of Thermal Coal are likely to follow the rhythm of previous years; coking coal prices have seen significant adjustments before the festival, and it is expected that post-festival, there will be certain support from potential macro drivers in the black Industry Chain. With this expectation, along with policy support for long-term capital entering the market and strengthened market cap management of central state-owned enterprises, the leading stocks in the Coal Sector still maintain attractiveness.
Debon Securities: The medium and long-term capital entry plan has been released, maintaining a Bullish outlook on the value of Coal dividends.
In conjunction with the 2024 State-owned Assets Supervision and Administration Commission's comprehensive promotion of State-owned enterprises' Market Cap management, the China Securities Regulatory Commission's push for high-quality dividends from listed companies, and the central bank's guidance for banks to support listed companies and major shareholders with loans for repurchase and Shareholding of Stocks, the dividend value of the Coal Industrial Concept is expected to become more prominent.
Hong Kong stocks movement | Coal Industrial Concept (coal Industry) rose broadly, China Shenhua Energy increased by more than 3%, China Coal Energy rose by more than 1%.
On January 24th, Gelonghui reported that coal stocks generally rose, with the small-cap stock FS ANTHRACITE leading with an increase of nearly 16%. Major stocks China Shenhua Energy rose over 3%, China Coal Energy by over 1%, and E-COMMODITIES, YANCOAL AUS, and YANKUANG ENERGY also experienced gains. According to news, Everbright stated that after experiencing a downward resonance in coking coal prices and stock prices, the PB of some coking coal companies has fallen below 1.0 times, indicating that they now offer good value for investment. Looking towards 2025, the industry generally believes that next year the supply and demand for Thermal Coal will be strong, with prices fluctuating within a Range. Notably, the coal Sector is also benefiting from favorable policies. The State-owned Assets Supervision and Administration Commission of the State Council will manage Market Cap.
BOCOM INTL: The fundamentals of Hong Kong stocks expect continued policy support. Attention can be given to the Energy, Utilities, and Telecommunications Sectors.
BOCOM INTL released a report stating that Hong Kong stocks achieved a V-shaped rebound in the past week, with the Hang Seng TECH Index leading the major global stock indices, primarily benefiting from valuation recovery brought about by positive overseas factors. At the same time, the Governor of the People's Bank of China, Pan Gongsheng, recently mentioned that there will be a significant increase in the national foreign exchange reserve's asset allocation ratio in Hong Kong, which is expected to potentially enhance the liquidity of Hong Kong stocks and boost market sentiment. Looking ahead, overseas factors are expected to improve further, but the room for growth is limited, so attention must still be paid to the improvements in the fundamentals: this bank indicated that the uncertainty surrounding U.S. President Trump's policies may lead to improved sentiment. As these policies gradually enter the verification stage, this bank believes that further exceeding expectations is possible.
China Coal Energy (601898.SH): The company's annual capital expenditure is expected to be between 12-16 billion yuan in the coming years.
According to the investor relations activity record disclosed by China Coal Energy (601898.SH) on January 21, based on the demand for ongoing and planned projects and existing capital expenditures, the company expects its annual capital expenditure scale in the coming years to be between 12-16 billion yuan.
China Coal Energy (601898.SH): It is expected that the volume of medium to long-term contracts will remain generally stable compared to the previous year.
On January 21, Gelonghui reported that China Coal Energy (601898.SH) disclosed the investor relations activity record. According to the requirements for the signing and performance of medium and long-term contracts for thermal coal set by the country for 2025, coal companies are generally required to sign medium and long-term contracts for 75% of their own resource volume, with an annual performance rate of no less than 90%. The company will strictly sign and perform according to the relevant requirements and has basically completed the signing of annual contracts. It is expected that the volume of medium and long-term contracts will remain stable compared to the previous year.
Express News | China Coal Energy has increased its investment to 10 billion.
Hong Kong stocks fluctuated | Most Coal Industrial Concept(coal Industry) stocks fell, MONGOLIA ENERGY (00276) dropped over 3%, suppressed by weak demand and high inventory affecting coal prices.
Most coal industry stocks declined. As of the time of reporting, MONGOLIA ENERGY (00276) fell by 3.39%, trading at 0.57 Hong Kong dollars; China Coal Energy (01898) dropped by 2.88%, trading at 8.77 Hong Kong dollars; China Shenhua Energy (01088) decreased by 1.93%, trading at 30.55 Hong Kong dollars.
Everbright Securities: Coking coal prices have bottomed out and rebounded, focusing on the investment value of undervalued coking coal stocks.
Everbright stated that after experiencing a downward resonance in coking coal prices and stock prices, the PB of some coking coal enterprises has now fallen below 1.0 times, making them currently possess a cost-effectiveness suitable for allocation.
The State-owned Assets Supervision and Administration Commission makes an important statement! It concerns the Market Cap management and restructuring of central enterprises.
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