HK Stock Market Move | CHINA RISUN GP(01907) rose more than 9% intra-day as Middle Eastern geopolitical tensions escalated. Institutions are optimistic about benefiting from the coal and chemical industry.

CHINA RISUN GP (01907) rose more than 9% during trading, up 7.91% as of the time of writing, at HK$2.73, with a turnover of HK$51.742 million. On the news front, on February 28, the US and Israel attacked Iran, resulting in the deaths of several senior Iranian officials. US President Trump stated on March 1 local time that military action against Iran could last around four weeks, but could also be shorter. Guolian Minsheng Securities believes that the US-Iran conflict may push up international methanol prices. Iran is the world's second largest producer of methanol, with an annual production capacity of 17.31 million tons by 2025, accounting for 9.4% of the global total. CITIC SEC also indicated that with rising oil prices, coal chemical industry may become an important factor in transmitting domestic coal prices. They recommend undervalued companies with coal chemical business and companies with a relatively high proportion of chemical coal sales volume. Public information shows that Frost Sullivan's 2024 industry report states that CHINA RISUN GP is the world's largest independent coke producer and supplier; the world's largest coke coarse processing company, the second largest high-temperature coal tar processing company, the second largest caprolactam producer (by capacity), also the largest industrial naphthalene manufacturer and coke oven gas methanol producer in China, as well as the largest supplier of high-purity hydrogen in the Beijing-Tianjin-Hebei region (by output).