China's Top Coal Miner Shenhua Cuts Production Target for 2024 [BNN Bloomberg (Canada)]
DAIWA SECS GROUP S/ADR (DSEEY)
NASDAQ:AMEX Investor Relations:
daiwa-grp.jp/english/ir
Company Research
Source: BNN Bloomberg
The firm plans to cut annual production by 2.6% from the previous year to 316 million tons, it said in an exchange filing on Monday. Net income in 2023 is expected to fall by as much as 14% due to lower coal prices, according to the company's preliminary earnings. Shenhua's reduced production is largely in line with the controls being put in place across the industry, and will have limited impact on thermal coal prices, Dennis Ip, an analyst at Daiwa Capital Markets Hong Kong Ltd., said in a note. The firm will, however, expand its fleet of thermal power stations, taking advantage of lower prices, to offset the decline in mining profits, according to a briefing from executives earlier this month. READ: China's Coal Boom Slows as Top Mining Hubs Focus on Renewables Shenhua said in Monday's release it'll maintain annual spending at at 36.8 billion yuan ($5.11 billion), a similar level to last year. Capital expenditure over the next five years will range between 30 billion and 5
Show less
Read more
Impact Snapshot
Event Time:
DSEEY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DSEEY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DSEEY alerts
High impacting DAIWA SECS GROUP S/ADR news events
Weekly update
A roundup of the hottest topics
DSEEY
News
- Japanese Markets Face Risks as Fiscal Year-End Falls on Easter [BNN Bloomberg (Canada)]BNN Bloomberg
- BOJ Rate Hike Unlikely to Derail Stock Rally, Strategists Say [BNN Bloomberg (Canada)]BNN Bloomberg
- BOJ Looks for Final Piece of Rate Puzzle in Wage Talks Outcome [Yahoo! Finance]Yahoo! Finance
- BOJ Looks for Final Piece of Rate Puzzle in Wage Talks Outcome [BNN Bloomberg (Canada)]BNN Bloomberg
- Japan's Top Union Group Demands Highest Wage Hike in 30 Years [BNN Bloomberg (Canada)]BNN Bloomberg