CHINA SHENHUA (01088) shares advanced 0.98% to HKD 43.14, while KINETIC DEV (01277) climbed 4.36% to HKD 2.035, and CHINA COAL (01898) rose 1.76% to HKD 11.00. China Qinfa (00866) also saw a gain of 4.34%, trading at HKD 1.805.
The recently released 15th Five-Year Plan for the coal industry has boosted sentiment. Deutsche Bank noted that the plan enhances coal's strategic position in energy security, promoting large-scale, advanced production capacity and the use of artificial intelligence in coal mine construction. This is expected to stabilize industry supply, moderate cyclical fluctuations, and improve the stability of corporate dividends. Coal companies transitioning into areas like mining-area new energy and coalbed methane may also benefit from long-term energy integration dividends.
According to a research report from Zheshang Securities, the medium- to long-term outlook for coal stocks is optimistic, supported by current sector capital and fundamentals. After the full clearing of pessimistic positions, the three major concerns—overcapacity, high-carbon depreciation, and safety incidents—have all been addressed by policy measures. The downside for the sector is thus limited, and with multiple catalysts, it has a solid foundation for continued upward movement.
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