HK Stock Market Move | China Risun GP (01907) rose over 6% despite the continuing tensions in the Middle East. Institutions are optimistic about the allocation of the coal and chemical sector in the high oil price environment.

CHINA RISUN GP (01907) rose by more than 6%, rising by 6% to 3.71 Hong Kong dollars as of press time, with a turnover of 127 million Hong Kong dollars. On the news front, US President Trump threatened on Saturday that if Tehran fails to fully reopen the Strait of Hormuz within 48 hours, the US will "destroy" Iran's power plants. The Iranian Islamic Revolutionary Guard Corps responded that if Trump's threat to attack Iran's power plants is implemented, Iran will immediately take four measures, including fully closing the Strait of Hormuz. EB SECURITIES stated that under the multiple drivers of cost advantages, enhanced industrial substitution, and optimization of industry structure, the performance elasticity and allocation value of the coal chemical industry sector continue to improve. At this point in time, the coal chemical industry sector has clear upward momentum in a high oil price environment, and it is worth focusing on and positioning. It is recommended to pay attention to CHINA RISUN GP and other related stocks. It is reported that as China's largest producer of methanol from coking gas, CHINA RISUN GP currently operates with an annual production capacity of 600,000 tons of methanol, making it one of the core links in the company's "alcohol and ammonia" industry chain. In addition, the company is also the world's largest independent producer of coke and the world's leading producer of caprolactam.