[Opportunity mining]The coal sector ushered in the pre-surge of performance, and the agency gave three investment suggestions_ Securities Times Network

On the evening of the 14th, 4 coal sector stocks including Shanxi Coking Coal, Shanghai Energy, Jingyuan Coal and Electricity, and Pingmei Co., Ltd. issued announcements of pre-increase in the first quarter, with year-on-year growth rates of 155%-185%, 290.63%-316.67%, and about 136.6%. %, about 199.4%, the above-mentioned companies all said that they benefited from the high operation of coal prices. Nine coal stocks have previously announced their first-quarter results, all of which showed year-on-year growth. The highest growth rate was Jizhong Energy, which ranged from 483.98% to 515.05%.

Guotai Junan pointed out that in March 2022, my country imported 16.423 million tons of coal, a year-on-year decrease of 10.906 million tons, a year-on-year decrease of 39.9%; the import value was 14.71 billion yuan, an increase of 680 million yuan or 4.8% year-on-year. The quarterly import scale is only 200 million tons annually, a sharp drop from 320 million tons in 2021. Indonesia’s export ban was lifted in February, but the decline in imports in March further expanded, mainly due to the high global commodity prices caused by the Ukrainian-Russian war. In March, the average price of thermal coal in Newcastle, Australia was 314 yuan / ton, a significant increase of 231% year-on-year and a month-on-month increase of 32%. %, a record high, and the sharp rise in overseas coal prices led to the upside-down of domestic and foreign coal prices, which suppressed import demand.

my country’s dependence on coking coal imports accounts for about 10%, and the supply side is greatly affected by imports. After the import of Australian coal is restricted, coking coal importers are mainly Mongolia and Russia. At present, Mongolian coal imports are still repeatedly affected by the epidemic. Around 200, which is far lower than the historical average. Although the settlement problem of Russian coal has been solved, due to the limitation of transportation capacity, the import volume cannot increase significantly in the short term, and the supply of coking coal will remain tight due to the decline in imports. The “steady growth” on the demand side has been intensified, infrastructure investment has been carried out ahead of time, the real estate policy has emerged at the bottom, and the traditional peak season has been added to infrastructure development. Under the tight supply and demand, the price still has room for improvement, driving the profit to continue to rise month-on-month and increase significantly year-on-year. Three investment suggestions: 1) The main line of the year, high dividends, green power transformation, growing coal chemical industry: China Shenhua, Pingmei Co., Ltd., Yankuang Energy, Jingyuan Coal and Electricity, Power Investment Energy, China Risun Group, Baofeng Energy; 2) Possessing overseas coal mine resources: Yankuang Energy; 3) High-quality resource elastic enterprises: Orchid Science and Technology, Shaanxi Coal Industry, Huaibei Mining, Shanxi Coking Coal, Lu’an Environmental Energy, China Coal Energy, Shanxi Coal International, Panjiang shares, Haohua Energy.