CHINA COAL

China Coal Energy opened sharply higher on the parent company's buyback plan, surging over 8% to a morning high of HKD 10.88 before paring gains in the afternoon session, closing at HKD 10.660 with a net gain of approximately 5.4%. Q1 EPS of HKD 0.3288 edged up 2.33% YoY, but revenue declined 5.73% to HKD 38.76 billion, with net profit margin at 11.24% trailing Q4's 14.41%. The stock remains ~30% below its 52-week high of HKD 15.24 and under the 60-day MA of HKD 12.006, while a 7.33% YTD gain and standing above the 20-day MA of HKD 10.255 provide some support.