HK Stock Market Move | Some coal stocks rose in the afternoon as the strategic position of coal energy supply assurance continues to be elevated, and the capacity structure is expected to optimize.

Some coal stocks rose in the afternoon. As of the time of writing, KINETIC DEV (01277) was up 4.36%, priced at HKD 2.035; CHINA QINFA (00866) rose 4.34% to HKD 1.805; China Coal Energy (01898) increased by 1.76% to HKD 11; and China Shenhua Energy (01088) was up 0.98%, trading at HKD 43.14. On the news front, the "14th Five-Year Plan for Coal Industry Development" was recently released. Debon Securities pointed out that the plan further enhances the strategic position of coal in energy supply security, promotes the large-scale and advanced capacity, and leverages artificial intelligence to advance construction in coal mines. This is expected to stabilize the supply pattern in the industry, weaken cyclical fluctuations, and further enhance the robust dividend capabilities of enterprises. Coal companies transitioning into areas such as new energy and coalbed methane in mining regions will also benefit from the long-term dividends of energy integration. Zheshang published a research report indicating a positive outlook for coal valuation recovery in the medium to long term based on current capital in the sector and fundamentals. After the previous pessimistic chips were fully cleared, the three core concerns of overcapacity, high carbon impairment, and safety accidents have all been offset by policy measures, resulting in limited downside potential for the sector. Under multiple catalysts, there is a sustainable upward foundation.