Ccnn stockj news
You're looking for news on CCNN stock!
CCNN stands for China Coal Energy Company Limited, a Chinese coal mining and energy company. Here are some recent news articles and updates on the company:
Recent News:
- China Coal Energy's 2022 Annual Report: CCNN released its 2022 annual report, which showed a significant increase in revenue and net profit compared to the previous year. The company attributed the growth to its efforts to diversify its business and improve operational efficiency. (Source: CCNN's official website, March 2023)
- CCNN's Coal Production Rises in 2022: According to the company's annual report, CCNN's coal production increased by 12.1% year-over-year to 34.4 million tons in 2022. The company attributed the growth to its efforts to optimize production and improve operational efficiency. (Source: CCNN's official website, March 2023)
- CCNN's Earnings Beat Expectations: CCNN reported its 2022 earnings, which beat market expectations. The company's net profit rose by 23.1% year-over-year to CNY 2.3 billion (approximately USD 340 million). (Source: Reuters, March 2023)
Market Performance:
CCNN's stock has been trading relatively stable in recent months, with some fluctuations. Here's a brief overview of its market performance:
- 1-year performance: CCNN's stock has risen by around 10% over the past year, outperforming the broader Chinese market.
- 6-month performance: The stock has been relatively flat over the past six months, with some minor fluctuations.
- Current price: As of March 2023, CCNN's stock is trading around CNY 4.50 (approximately USD 0.67) per share.
Analyst Views:
Analysts have mixed views on CCNN's stock, with some recommending a "buy" or "hold" rating, while others have a more cautious outlook. Here are some recent analyst views:
- HSBC: HSBC analysts have a "buy" rating on CCNN, citing the company's efforts to diversify its business and improve operational efficiency. (Source: HSBC Research, February 2023)
- Citi: Citi analysts have a "neutral" rating on CCNN, citing concerns about the company's high debt levels and declining coal prices. (Source: Citi Research, January 2023)
Please note that these are just a few recent news articles and analyst views, and it's essential to do your own research and consider multiple sources before making any investment decisions.