On November 19, Gronghui reported that nan nan res (1229.HK) initially surged over 22% but has since seen its increase drop to under 5%, currently trading at 0.17 HKD. The company announced a profit alert after the market closed yesterday, expecting mid-year profit for 2024 to be no less than 30 million HKD, up from 17.4 million HKD in the same period last year. The company attributes the expected growth to an increase in coal sales and net exchange gains compared to last year. Additionally, some institutions mentioned that the market cap management guidance indicates a bullish dividend style, suggesting that the coal sector is likely to benefit. (Gronghui)