According to the Securities Times app, coal stocks rose in early trading, as of the publication,$SOUTHGOBI (01878.HK)$up 8.55%;$CHINA COAL (01898.HK)$rose by 4.02%;$YANCOAL AUS (03668.HK)$up 3.58%;$MONGOLIA ENERGY (00276.HK)$Rise by 3.17%.

citic sec released research reports stating that on November 15, the CSRC issued market cap management guidelines, setting special requirements for the market cap management system of major index constituent stocks, and valuation enhancement plans for long-term companies trading below book value. The bank believes that the disclosure of the "Guidelines" will support dividend stocks, and the coal sector is expected to benefit.

The leading companies in the coal industry have more stable performance and are also major index constituents, so the benefits may be more pronounced. In addition, nearly half of the coal companies have a dividend yield of over 5%, with some companies currently trading below book value. A total of 6 sample companies are included in the csi 300 index and csi A500 index.

The bank continued to point out that in Q3 of 2024, the scale of coal stocks held as heavyweight in funds decreased compared to the previous quarter, and the scale of actively managed equity fund holdings also decreased significantly, with the overweighting of stocks being 0.23%. In the third quarter of this year, the thermal coal prices fluctuated slightly, while coking coal prices continued to decline. Coupled with increased market risk appetite, the sector experienced a significant correction in October. However, after the third quarter reports, the sector's full-year profit and dividend expectations gradually became clearer, coupled with favorable factors at macroeconomic and market levels, and the bank believes that the sector is expected to usher in a new round of upward movement.

Editor/ping