Changes in Hong Kong stocks | Coal stocks continue to rise recently, and the coal report is expected to rise sharply from month to month, and safety supervision continues to drive supply contraction

The Zhitong Finance App learned that coal stocks continued their recent gains. As of press release, Yi Dazong (01733) rose 4.55% to HK$0.805; China Coal Energy (01898) rose 3.93% to HK$11.63; Yancoal Australia (03668) rose 2.74% to HK$33.02; and Yankuang Energy (01171) rose 1.41% to HK$12.94.

According to the news, over 20 coal-related listed companies have issued interim results announcements. 3 are expected to reverse losses, 6 are expected to reduce losses year on year, 6 expect net profit to increase year on year, and the overall good news ratio for the sector is nearly 70%. Great Wall Securities pointed out that in comparison with port coal prices, the average price in the first half of the year rose by about 90 yuan, or 13%, compared to last year; the second quarter rose by about 100 yuan from the first quarter, or 14%; that is, the mid-year performance of most coal companies is expected to rise sharply from the same period last year. The low point in coal's annual and quarterly performance has passed, and the published forecasts of listed coal companies all showed a sharp year-on-year increase.

Cathay Pacific Haitong Securities pointed out that coal mine safety regulations in Shanxi have continued to become stricter since the end of June. A safety accident occurred after the Xiqu coal mine resumed production on August 5, further strengthening the market's expectations that subsequent safety inspections would maintain high pressure, that the pace of coal mine resumption would be limited, and production release would slow down. As the market's awareness of the continuity of this round of safety inspections and its impact on supply deepens, the coal supply and demand pattern is expected to continue to improve.