With a exploding coal price, caused by gas price and shortage from russia, this stock looks very cheap.
Since it is a china stock, it suffered with no real reason by the last issues on real estate and tech crisis in china, but this company mining coal and deliver power to the chinese economy.
Seeing a explosion of the price in coal: https://tradingeconomics.com/commodity/coal
This is a sure buy, if you have direct possibility to trade in china.
The stock is currently under book value and insitric value, a lot with a dividend yield about 12.5% in the past and may surly rise in the future because they can make a lot more profit on coal in the second past of the year and in winter 2021/2022, because of lacking of natural gas from russia. https://www.reuters.com/business/energy/gazprom-books-modest-gas-transit-capacity-europe-pushing-up-prices-ifx-2021-09-20/
Europe is surly more willing paying higher prices on natural gas, than china, because greenhouse is not a big deal in china, but only in europe.
Since it is a china stock, it suffered with no real reason by the last issues on real estate and tech crisis in china, but this company mining coal and deliver power to the chinese economy.
Seeing a explosion of the price in coal: https://tradingeconomics.com/commodity/coal
This is a sure buy, if you have direct possibility to trade in china.
The stock is currently under book value and insitric value, a lot with a dividend yield about 12.5% in the past and may surly rise in the future because they can make a lot more profit on coal in the second past of the year and in winter 2021/2022, because of lacking of natural gas from russia. https://www.reuters.com/business/energy/gazprom-books-modest-gas-transit-capacity-europe-pushing-up-prices-ifx-2021-09-20/
Europe is surly more willing paying higher prices on natural gas, than china, because greenhouse is not a big deal in china, but only in europe.