Changes in Hong Kong stocks | Some coal stocks rose in the afternoon, and the strategic position of coal energy security and supply continued to rise, and the production capacity structure is expected to be optimized

The Zhitong Finance App learned that some coal stocks rose in the afternoon. As of press release, Power Development (01277) rose 4.36% to HK$2.035; China's Qinfa (00866) rose 4.34% to HK$1.805; China Coal Energy (01898) rose 1.76% to HK$11; and China Shenhua (01088) rose 0.98% to HK$43.14.

According to the news, the “15th Five-Year Plan for the Development of the Coal Industry” was released recently. Debon Securities pointed out that the “Plan” further enhances the strategic position of coal in energy insurance and supply, promotes large-scale and advanced construction of coal mines empowered by artificial intelligence, and is expected to stabilize the supply pattern of the industry, weaken cycle fluctuations, and further enhance the steady dividend capacity of enterprises; coal companies that have laid out transformation in the fields of new energy and coalbed methane in mining areas will also benefit from long-term energy integration dividends.

Zheshang Securities released a research report saying that based on current sector capital and fundamentals, it is optimistic about the coal valuation repair market in the medium to long term. After the pessimistic chips in the early stages were fully cleared, the three core concerns of overcapacity, high carbon impairment, and safety accidents were all hedged by policies. There is limited room for the sector to decline, and there is a foundation for a continuous upward trend under multiple catalysts.