The Zhitong Finance App learned that coal stocks had the highest increase. As of press release, South Gobi (01878) rose 8.74% to HK$5.6; Mongolian coking coal (00975) rose 8.36% to HK$12.44; Yankuang Energy (01171) rose 5.06% to HK$18.26; China Shenhua (01088) rose 2.76% to HK$31.6; China Coal Energy (01898) rose 2.61% to HK$9.03.

According to the news, recently, the Shanxi Provincial Emergency Management Department, the Shanxi Bureau of the State Mine Safety Supervision Bureau, and the Shanxi Provincial Energy Administration issued the “Notice on Launching Special Remediation of “Three Super” and Concealed Work Surfaces in Coal Mines (hereinafter referred to as the “Notice”), deciding to immediately carry out special remediation of “three super” and hidden work surfaces in coal mines throughout the province. The scope of this special remediation includes all coal mines with normal production and construction, and coal mines with production conditions.

Everbright Securities believes that the incident will affect the supply of coal in the Shanxi region in the short term, especially the supply of coking coal, which will benefit the price of coking coal. At the same time, the bank expects a basic balance between global coal supply and demand in 2024-2026. Under the guarantee of the long-term cooperation policy, domestic coal companies' profits are expected to remain high and stable, and characteristics such as high dividends and central enterprises are expected to catalyze the continued increase in coal stock valuations.