A股三大指数3日集体收跌,行业板块多数收跌,煤炭股则逆市上涨,整个板块涨幅达到1.01%,位列行业涨幅榜第一位。机构认为,当前正处在煤炭经济新一轮周期上行的初期,基本面、政策面、公司面共振,现阶段配置煤炭板块正当时。

  煤炭股修复行情值得期待

  盘面显示,39只煤炭股中,仅6只个股收跌。在涨幅靠前的公司中,安源煤业(行情600397,诊股)、美锦能源(行情000723,诊股)、郑州煤电(行情600121,诊股)、冀中能源(行情000937,诊股)、*ST大洲(行情000571,诊股)、淮北矿业(行情600985,诊股)、金能科技(行情603113,诊股)3日股价分别上涨9.96%、4.92%、4.50%、2.60%、2.25%、2.13%、2.06%。

供需环比改善 高成长与高弹性煤炭股受青睐

煤炭股股价及中期业绩表现

  “近期国务院常务会议部署加大资金对灾后恢复重建工作的支持,在灾后重建拉动下,经济复苏态势有望延续。工业用电用能需求逐步改善,雨季过后,水电出力将逐步收窄,火电的需求复苏带动煤炭需求上行,煤价有望打破当前僵持局面重回上行。”煤炭行业首席分析师左前明认为。

  煤炭行业数据显示,7月供给同比下降5%,供需数据环比改善。“动力煤的高温旺季来临,日耗迅速上升,电厂库存快速去化,高温的强度和持续度是后续煤价走势的关键。若未来电厂去库良好且高日耗持续,目前港口煤价已企稳,国内产量和进口均偏紧,未来动力煤价将有上行空间。”对此,华西证券(行情002926,诊股)研究员丁一洪从中报业绩分析道,龙头煤企中国神华(行情601088,诊股)和陕西煤业(行情601225,诊股)的业绩稳定性超预期,神华拟授权回购不超过10%的H股,煤炭现金牛属性被市场低估,继续看好煤炭股的修复行情。

  机构全面看多煤炭板块

  据煤炭股中报数据披露,ST云维(行情600725,诊股)、*ST大洲、冀中能源、平煤股份(行情601666,诊股)、*ST平能(行情000780,诊股)、永泰能源(行情600157,诊股)、宝丰能源(行情600989,诊股),它们今年上半年净利润增幅分别为71.88%、40.99%、34.00%、18.68%、15.08%、12.39%、10.75%。

  丁一洪建议关注标的中国神华、盘江股份(行情600395,诊股)、陕西煤业、露天煤业(行情002128,诊股)、平煤股份。另有中报超预期标的冀中能源和受益标的金能科技;转型概念受益标的山煤国际(行情600546,诊股)。需要提及的是,2020年以来,多家煤企加大股东回馈力度,提高分红比例或展开回购,中国神华近日公告拟回购不超10%H股并将予以注销,叠加其稳定高分红投资价值凸显。开源证券认为,年内供改持续深化,煤企业绩或将持续改善,行业将整体利好,看好煤炭股估值修复。

  从中长期看,左前明认为,供给端受“十三五”期间新增产能释放接近尾声,在“能源安全”战略下,随着经济逐步恢复,煤炭需求有望继续提升,明年煤炭供需形势趋紧,全面看多煤炭板块,继续推荐关注煤炭的历史性配置机遇。重点推荐两条投资主线:一是具备显著成长性的平煤股份和盘江股份;二是业绩弹性更大的陕西煤业、兖州煤业(行情600188,诊股)。

  展望下半年行情,开源证券分析师张绪成认为:“年内供改持续深化,煤企业绩或将持续改善,行业将迎整体利好,看好煤炭股估值修复。高分红及高股息率受益标的:中国神华、陕西煤业、平煤股份、盘江股份;高弹性受益标的:兖州煤业、神火股份(行情000933,诊股)、淮北矿业;国企改革受益标的:潞安环能(行情601699,诊股)、西山煤电(行情000983,诊股);国家能源战略现代煤化工受益标的:宝丰能源。”


Warning: preg_match(): Compilation failed: invalid range in character class at offset 12 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 3544

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743

Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /www/wwwroot/banksoft.cn/wp-content/plugins/wp-autopost-pro/wp-autopost-function.php on line 4743