Group 1 - Coal stocks have become active again, with notable price increases for companies such as China Coal Energy (up 4.01% to HKD 11.93), Powerlong Development (up 3.16% to HKD 1.63), Yanzhou Coal Mining (up 2.8% to HKD 11.38), and China Shenhua Energy (up 0.87% to HKD 41.62) [1] - The recent rise in coal prices is driven by increased winter demand and supply constraints, indicating a tightening supply side in the coal industry [1] - According to Founder Securities, the coal supply-demand situation is expected to improve in the fourth quarter, with a potential reversal from oversupply to a more balanced market, leading to further price increases [1] Group 2 - The report highlights that companies with a high proportion of long-term contracts, such as China Shenhua and China Coal, exhibit strong earnings stability [1] - If coal prices continue to rebound, undervalued stocks like Yanzhou Coal Mining (Hong Kong stock) may experience valuation recovery [1] - The outlook also suggests potential restrictions on imported coal, which could further impact the domestic coal supply-demand dynamics [1]
煤炭股再度活跃 当前煤炭供需均出利好 机构看好煤价有望继续提升
Zhi Tong Cai Jing·2025-11-05 06:15