I have more than five years experience in the financial industry. I focus mostly in the commodities, foreign exchange and cryptocurrencies. I also write on general issues like equity research, economics and geopolitics.Fellow contributor Crispus Nyaga is my colleague.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinio ...

Core Insights - The article does not provide specific insights or analysis related to any company or industry, focusing instead on the author's background and experience in the financial sector [1]. Summary by Categories - **Author's Experience**: The author has over five years of experience in the financial industry, primarily focusing on commodities, foreign exchange, and cryptocurrencies [1]. - **Writing Focus**: The author also writes on broader topics such as equity research, economics, and geopolitics [1]. - **Colleague Mention**: A colleague, Crispus Nyaga, is noted as a fellow contributor [1].

Core Insights - The company reported solid operational results for the first half of the 2026 financial year, with a focus on improving safety performance [2] Operational Performance - Group run-of-mine coal production reached 4.1 million tonnes, reflecting a 5% increase compared to the previous quarter, driven by strong mining performance [3] - Saleable coal production was recorded at 2.8 million tonnes, which is 3% higher than the previous quarter [3] Safety Performance - There was a deterioration in safety performance, with the 12-month moving average Total Recordable Injury Frequency Rate (TRIFR) increasing from 2.61 to 3.8 [2] - The company emphasizes that the safety of its personnel remains the highest priority and is taking focused actions to reverse the negative trend in safety performance [2]

Core Insights - The article emphasizes the importance of high-quality dividend growth and undervalued investment opportunities as a strategy for achieving strong total returns through cash dividends and capital gains [1] Group 1: Analyst Background - Scott Kaufman, known as Treading Softly, has over a decade of experience in the financial sector, focusing on actionable insights for dividend growth [1] Group 2: Investment Strategy - The primary focus is on identifying investments that yield a bountiful harvest of cash dividends alongside strong capital gains, aiming for a robust total return [1]

Core Insights - The article emphasizes the importance of high-quality dividend growth and undervalued investment opportunities as a strategy for achieving strong total returns through cash dividends and capital gains [1] Group 1 - The lead analyst for Dividend Kings, Scott Kaufman, has over a decade of experience in the financial sector, focusing on actionable insights for investors [1] - The primary goal is to achieve a robust total return by harvesting cash dividends alongside strong capital gains [1]

（文章来源：商务部网站） 2月10日，商务部国际贸易谈判代表兼副部长李成钢会见西屋电气公司首席执行官萨默纳。双方就西屋 电气公司在华业务发展等进行交流。李成钢表示，西屋电气公司来华经营半个多世纪，与中国市场相互 成就、共同成长。"十五五"时期，中国将进一步扩大高水平对外开放，不断优化营商环境，为包括西屋 电气公司在内的外资企业带来更大发展机遇。希望西屋电气公司继续深耕中国市场，实现共同发展。萨 默纳表示，西屋电气公司在华建立了长期合作关系，通过能源技术合作提升民生福祉。西屋电气公司将 持续深化对华合作，实现互利共赢，为美中经贸关系发展贡献积极力量。 ...

Core Viewpoint - The comparison between Korea Electric Power (KEP) and WEC Energy Group (WEC) indicates that KEP presents a better value opportunity for investors at this time due to its stronger earnings outlook and favorable valuation metrics [1][3]. Valuation Metrics - KEP has a forward P/E ratio of 3.37, significantly lower than WEC's forward P/E of 20.16, suggesting KEP is undervalued relative to WEC [5]. - KEP's PEG ratio is 0.06, while WEC's PEG ratio is 2.71, indicating that KEP's expected earnings growth is more favorable compared to its current price [5]. - KEP's P/B ratio stands at 0.8, compared to WEC's P/B of 2.62, further highlighting KEP's relative undervaluation [6]. Zacks Rank and Style Scores - KEP holds a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while WEC has a Zacks Rank of 3 (Hold) [3]. - KEP's Value grade is A, contrasting with WEC's Value grade of D, suggesting that KEP is more appealing to value investors [6].

With a market cap of $36.7 billion, WEC Energy Group, Inc. (WEC) provides regulated natural gas and electric service, along with renewable and nonregulated energy solutions, across several U.S. states. It owns and operates extensive electric and natural gas infrastructure and generates power from a diverse mix of fossil, nuclear, and renewable energy sources. Shares of the electricity and natural gas provider have underperformed the broader market over the past 52 weeks. WEC stock has risen 11.6% over th ...

Core Viewpoint - Listed infrastructure underperformed global equities in Q4, impacted by higher long-term bond yields despite two cuts in short-term rates in the U.S. [2] - European utilities outperformed U.S. utilities, aided by improving regulations, while renewables benefited from their growing relevance in AI and policy derisking [2] Sector Performance - Underperforming sectors included natural gas utilities, energy infrastructure pipelines, communication towers, and North American rails, primarily due to higher production levels and unfavorable weather forecasts [3] - Electric utilities and toll roads were the top contributors to portfolio performance, while renewables and energy infrastructure were the main detractors [12] Regional Highlights - Western Europe was the top portfolio contributor, with U.K. electric utility SSE and Spanish toll road operator Ferrovial leading the performance [4] Company Insights - SSE, the U.K.'s largest renewable energy generator, saw its share price rise as funding risks diminished and macroeconomic concerns eased [5] - Ferrovial's U.S. listing qualified for Nasdaq 100 inclusion, and its core toll road asset in Ontario announced higher-than-expected toll increases for 2026, indicating strong pricing power [6] - WEC Energy and Brookfield Renewable were the largest detractors, with WEC's shares declining after a disappointing annual update and Brookfield's share price falling as the renewables trade cooled [7][8] Outlook - The inflection in electricity demand and solid earnings growth are expected to continue benefiting listed infrastructure performance into 2026, supported by lower nominal bond yields [9] - Electric utilities are positioned to benefit from the energy transition, climate change adaptation, and growing electricity demand, particularly from AI data centers [10] Portfolio Highlights - The strategy outperformed relative to the FTSE Global Core Infrastructure 50/50 Index in Q4, driven by strong stock selection in electric, water, and gas utility sectors [13] - Top contributors included SSE, Ferrovial, U.K. water utility Severn Trent, and U.S. electric utility NextEra Energy, while main detractors were WEC Energy and Brookfield Renewable [14] Investment Actions - Positions were initiated in Brookfield Renewable, Brazilian electric utility Equatorial, and U.S. electric utility Portland General Electric, while positions in Emera and Cheniere were exited [15]

分组1 - WEC Energy Group (WEC) projects a long-term EPS growth of 7-8% through 2030 [1] - The company has a capital expansion plan amounting to $37.5 billion over the same period [1] - WEC aims to increase its load by approximately 3.9 GW, with around 500 MW of this increase planned [1]