Movement Alert｜CHINA COAL Rises 3.21% in Regular Trading, Controlling Shareholder Buyback Plan and Peak Season Coal Price Expectations Boost Sentiment

On July 23, CHINA COAL rose 3.21% in regular trading, trading at HKD 11.26/share, with turnover of HKD 119 million.

On the news front, the company announced on July 20 that its controlling shareholder, China Coal Energy Group, plans to increase its holdings of the company's A-shares within 12 months via centralized bidding and block trades on the Shanghai Stock Exchange, with a total amount no less than RMB 50 million and no more than RMB 100 million, not exceeding 2% of total share capital. As of the announcement date, China Coal Energy Group directly and indirectly held approximately 58.44% of the company's total issued shares. The buyback is part of a collective market stabilization initiative by multiple central SOEs aimed at boosting investor confidence and maintaining share price stability.

Additionally, the company indicated during a recent institutional research session that July northern port 5500 kcal thermal coal spot prices are expected to range between RMB 795-835, with port market coal prices showing a trend of early weakness followed by stabilization. The company noted that coal chemical margins are expected to improve year-over-year in the first half, while commercial coal output declined due to geological challenges and increased production difficulties.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)