May 06, 2021 09:41 AM (GMT+8) · EqualOcean
CITIC Securities research report pointed out that in 2020, the profit of the coal sector declined slightly by about 7%, mainly due to the weakening of coal prices in the first half of the year, but the amount of cash dividends continued to increase significantly. In the first quarter of 2021, the prices of steam coal and coke hit a record high, driving the plate's performance to grow by more than 60%. At present, the persistence of high coal prices continues to exceed expectations, and the business is expected to be better, while the plate valuation is still at the low level in history, so the value attraction is obvious. Continue to recommend undervalued leading companies.

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