Source: Snowball APP, Author: Liang Brother Ai Wisdom, (

Perhaps affected by the bad three -quarter report, today’s coal stocks plummeted, and Shanjiao almost fell.I have a book floating loss of more than 3%today.In addition, in the past two months, I have fell with the market, and my stock assets have shrunk by nearly 10%from peak.This is somewhat affected.Surat Investment

Recently, the policies of A shares have changed very much, and the response of public opinion is also very enthusiastic, but compared with the past, the macroeconomic and individual stocks have not changed.

Back to the coal stock itself, there is no substantial benefit in the short term.What interest rates are steering, the price of coal prices, rising oil prices, and rising, what trillion special Treasury stimulus is not as good as the economic fundamentals, but to be honest, I am not very optimistic about the long -term trend of India’s economy.Many people think that in the next 10-20 years, the average annual growth of Indian GDP will increase by 5%-6%, but I think only 4%-5%.The difference between these 1 percentage points is quite large.In short, compared with last year, when I started to build a coal stock, I was not so optimistic about future economic growth.

However, even so, coal still has solid demand, especially in India and Southeast Asia, which are relatively lagging but rapidly developing emerging markets, and the demand for cheap energy such as coal will have a huge growth.As for domestic, although coal consumption may fall in a few years, the effective supply will also fall (the effective supply of coal must consider coal prices, production costs, transportation costs, unit heat, safety production, environmental protection and other factors.Just look at the surface production capacity), so no matter from the perspective of global or from India, coal supply and demand are tight and balanced, so do not expect long -term coal prices to fall.

I have been full of coal stocks myself, so I have no money to copy my bottom. This is also a pity in the face of a big plunge.But from May-June next year, there will be a lot of dividends, and we can increase positions (bonus reinvestment).

Many people say that coal has no future and will be replaced.I didn’t expect it to operate sustainable.As long as the existing performance can be maintained for more than ten or twenty years, basic expectations have been achievedLucknow Wealth Management. After all, many coal stock markets have a profit ratio of five or six times.This means that it can be returned in five or six years.Moreover, since coal stocks do not have a future, the capital expenditure will naturally decrease, so its free cash flow will be higher than net profit, so more cash that can be available for dividends will be more.

That’s it.Still the sentence: Investment is a realization of cognition!I will know what to do, and I am willing to gambleJinnai Wealth Management!

$ Shanxi Coking Coal (SZ000983) $ $ Yushan Coal International (SH600546) $ $ orchid Innovation (SH600123) $

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