Feb 18, 2022 11:19 AM (GMT+8) · EqualOcean
Zhongtai Securities believes that the current coal stocks usher in a better investment time point. Coal has long been an undervalued and high dividend blue chip. After experiencing the sharp rise and fall of coal prices in 2021, the fluctuation of coal prices will be greatly reduced under policy regulation this year, and the fluctuation range is relatively clear. The profitability of coal enterprises is generally better and more stable. After the sharp correction in the early stage, the valuation is generally lower. We still emphasize the value of the stock capacity of the coal industry, which must be paid attention to. Companies with high proportion of long-term cooperative have higher certainty of performance growth, and companies with high proportion of market coal can be preferred with high risk preference.