Publicado: Nov 9, 2023 09:57
According to the research report of Guosheng Securities, the current market value of coking coal plate is inverted with that of power coal plate, mainly due to the market expectation that the profitability of related listed companies in the power coal plate is more stable. However, it needs to be noted that under the expectation of negative feedback, winter storage expectation and other factors, the upward momentum of coking coal plate is sufficient, and the price is expected to return to the high point at the beginning of the year. The support of coking coal price at the end of June also provides guarantee for the single quarter performance in Q3. Therefore, the valuation corresponding to the bottom annualized profit of coking coal plate is at a low level. With the rise of price in the future, coking coal plate is expected to have a double hit of performance and valuation.

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According to the research report of Guosheng Securities, the current m - Shanghai Metals Market (SMM)