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Brokerage morning meeting highlights: Bullish on investment opportunities in the Commercial Property Sector in 2025.
At today's brokerage morning meeting, Guotai HAITONG SEC proposed to prioritize allocation to leading brokerages with significant comprehensive advantages and stronger cross-border asset allocation capabilities; GF SEC believes that the coal price median may decline in 2025, and leading companies are expected to maintain overall stable profitability; HTSC expressed a Bullish outlook on investment opportunities in the Commercial Property Sector for 2025.
China Shenhua Energy's Q1 revenue and profit both declined, with Coal sales falling by 15.3% year-on-year | Earnings Reports insights.
In the first quarter of 2025, China Shenhua Energy's revenue decreased by 21.1% year-on-year, and net income dropped by 18% year-on-year. The company attributes the decline in revenue to "a reduction in Coal sales volume and average sales price leading to a decrease in Coal sales revenue; a decline in electricity sales volume and average electricity sales price resulting in a decrease in electricity sales revenue."
The impact of tariffs on the U.S. has already been seen: truck Transportation volume at the Port of Los Angeles has dropped by 23%, and large-scale layoffs are about to occur.
Due to the impact of tariffs, the volume of goods entering the Port of Los Angeles, the largest port in the United States, has sharply declined. A CEO in the Logistics Industry stated that the truck Transportation volume at the port has decreased by 23% year-on-year, and if the trade war is not resolved, it may drop to 50% in the coming weeks, with truck drivers facing large-scale layoffs. Some media pointed out that the significant decline in Logistics may lead to the collapse of certain parts of the warehousing Industry Chain in Southern California.
Brokerage morning meeting highlights: Focus on sectors benefiting from domestic demand and investment opportunities in new consumer segments.
In today's Brokerage morning meeting, HTSC proposed to focus on investment opportunities in sectors benefiting from domestic demand and new Consumer sub-sectors; China Securities Co.,Ltd. stated that the decrease in Real Estate sales and new starts has significantly narrowed, showing ongoing effectiveness in stabilizing after the decline; Galaxy Securities believes that the coal and electricity regulation ability has been further strengthened, and the reconstruction of the sector's valuation is expected to accelerate.
The Prime Minister of Australia responded to Trump's tariffs: there will be no equal countermeasures, and negotiations for exemptions will be sought.
① Australian Prime Minister Albanese criticized USA President Trump for imposing a 10% tariff on allies, stating that such actions are not what friends do, and indicated that Australia will not impose equivalent tariffs on the USA; ② The Australian government will seek to negotiate with the USA in hopes that Trump will lift the tariffs on Australia.
Dividends exceeded 44 billion with a ratio as high as 76%! China Shenhua Energy's performance declined but still maintained its high dividend "tradition" | Directly reporting on the Earnings Conference.
① Executives from China Shenhua Energy stated at the Earnings Conference that they anticipate the central prices of the coal market and long-term contracts will decline further by 2025; ② Chairman Lv Zhirun has resigned due to retirement reasons after less than a year in office, leaving the position of chairman of the company vacant.
