Intelligent Finance APP learned that Zheshang Securities released a research report stating that considering the comprehensive layout of software and hardware facilities and internal growth-driven factors, it is expected that Xiamen Xiangyu (600057.SH) will have a net profit attributable to the parent company of 1.211 billion yuan, 1.435 billion yuan, and 1.683 billion yuan from 2020 to 2022, with year-on-year increases of 9.50%, 18.46%, and 17.35%, respectively, corresponding to EPS of 0.56 yuan, 0.66 yuan, and 0.78 yuan. From a growth perspective, the company's compound annual growth rate of net profit attributable to the parent company from 2020 to 2022 is 17.90%, and the PEG of the corresponding 2021E PE is 0.52, which is significantly lower than the valuation relative to the growth. Zheshang Securities believes that the reasonable valuation of the company is around 15 times PE, the reasonable market cap of the 2021 net profit attributable to the parent company is about 21.5 billion yuan, and the relative price still has about 58% room for growth. The first coverage is given a "buy" rating.$MONGOL MINING (00975.HK)$It rose nearly 9%. As of press time, it increased by 8.92%, with a price of HKD 10.38 and a turnover of HKD 52.4178 million.

SDIC Securities pointed out that market sentiment is gradually improving and coal prices are holding firm. In recent days, the daily consumption in East and South China has increased rapidly, demand has improved, port coal prices have gradually stabilized, and coke prices have stabilized and rebounded first. With the rapid progress of China's "dual-use of electricity and gas" project construction, the first batch of 54 large cities in the country has planned to launch about 3,000 "dual-use of electricity and gas" facility construction projects, with a total investment of over 1 trillion yuan.

At the same time, excavator sales in May increased by 29.2% year-on-year, despite the fact that the starting data has not yet turned positive. Although non-electricity demand is gradually entering the off-season, market expectations are also turning weak. The Bank believes that the year-on-year increase in excavator sales fully illustrates the resilience of domestic demand, and there is no need to be overly pessimistic about coke prices. The current market performance suggests focusing on coking coal configuration opportunities.