CICC published a report stating that the situation in Iran is escalating, significantly increasing global energy supply risks, and the price center of coal may rise. In the long term, with the geopolitical landscape becoming more complex overseas, the security of supply for upstream resources such as energy will become increasingly important. As a ballast for energy and an important raw material for chemicals, the strategic significance of coal resources for China is rising, and there is room for valuation improvement for high-quality coal assets. Stock recommendations include YANKUANG ENERGY (01171.HK), YANCOAL AUS (03668.HK), CHINA COAL (01898.HK), and SHCI (601225.SH)
