港股異動丨煤炭股走強 券商稱明年動力煤需求或出現結構性改善
格隆匯12月30日丨煤炭股走強,其中兗州煤業(1171.HK)漲4.43%,中煤能源(1898.HK)漲約2%。信達證券近日發佈研報稱,2018年以來,港口煤價開始緩降,但煤炭板塊盈利基本保持穩定。究其原因是供給側改革帶來的龍頭效應以及電煤長協制度的嚴格執行。2020年煤炭公司尤其龍頭公司業績有望保持基本穩定,ROE也將保持在較高水平。中信證券也發佈研報稱,2019年水電、風電、核電的集中發力及全社會用電量增速的放緩,導致火電發電及電煤需求僅約1%的增速。根據歷史數據,2020年水電出力大概率會下降,電煤需求增速或結構性的回覆0.5~1pct,核電及風電增速也因高基數而有所放緩,預計動力煤需求增速或回升至2.5~3%,增速向上的幅度仍依賴於宏觀經濟狀況。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.