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Demand of coal is still there, and increasing.
Extracted from CNBC:
China and India?s growing economies will continue to fuel demand for coal even as they set ambitious renewable energy targets, according to experts.
While China is the world?s largest energy consumer, India is ranked third globally, and both countries are the top consumers of coal as they strive to fuel economic growth.
China?s share of global electricity consumption, 60% of which is generated by coal, is set to jump to one-third by 2025, compared with a quarter in 2015, according to projections by energy watchdog International Energy Agency.
India?s rapidly growing economy also means the country?s demand for energy including oil and natural gas will be significant, said managing director of energy investment management firm Tortoise Capital, Rob Thummel.
?If India, China are still growing economically at decent rates for the next decade, we?re not going to see coal demand disappearing anytime soon, globally,? Ian Roper, commodity strategist at Astris Advisory Japan KK, told CNBC.
Global coal usage in 2023 hit a record high, surpassing 8.5 billion tons for the first time, on the back of strong demand in emerging and developing countries such as India and China, IEA said in a recent report.
There are no signs of a slowdown, with the IEA saying coal consumption in India and Southeast Asia is projected to ?grow significantly.?
Extracted from CNBC:
China and India?s growing economies will continue to fuel demand for coal even as they set ambitious renewable energy targets, according to experts.
While China is the world?s largest energy consumer, India is ranked third globally, and both countries are the top consumers of coal as they strive to fuel economic growth.
China?s share of global electricity consumption, 60% of which is generated by coal, is set to jump to one-third by 2025, compared with a quarter in 2015, according to projections by energy watchdog International Energy Agency.
India?s rapidly growing economy also means the country?s demand for energy including oil and natural gas will be significant, said managing director of energy investment management firm Tortoise Capital, Rob Thummel.
?If India, China are still growing economically at decent rates for the next decade, we?re not going to see coal demand disappearing anytime soon, globally,? Ian Roper, commodity strategist at Astris Advisory Japan KK, told CNBC.
Global coal usage in 2023 hit a record high, surpassing 8.5 billion tons for the first time, on the back of strong demand in emerging and developing countries such as India and China, IEA said in a recent report.
There are no signs of a slowdown, with the IEA saying coal consumption in India and Southeast Asia is projected to ?grow significantly.?
it will be after CNY alrdy.. when the results out..
desmodeus ( Date: 11-Jan-2024 09:30) Posted:
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Probably buy Geo before it starts to move up. Just my thoughts.
desmodeus ( Date: 10-Jan-2024 16:44) Posted:
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what div you reckon this time. 2% would be cny angpow
We are taking 1st Qtr and an indicator. Of course it will take a few Qtr to recover
Ayamas ( Date: 10-Jan-2024 23:25) Posted:
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Is it realistic to see good QR immediately post acquisition though? Murni the cost associated takes few QR to recover
desmodeus ( Date: 10-Jan-2024 16:44) Posted:
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the impending fy results will foretell how accretive is eagle acquisition stack up, albeit just one quarter consol.
That means Geo is well supported at this price. Expecting to chiong very soon
TraderBen ( Date: 10-Jan-2024 11:52) Posted:
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alot of selling well absorbed at 34..
Geo will start to move as it gets nearer to their results announcement date which is around 3rd or 4th week of Feb.
Hopefully, the production target of Geo for year 2024 will be announced soon!
jm2212 ( Date: 08-Jan-2024 11:53) Posted:
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Last week retailer selling Geo
guess who' s buying then?
SGX Institutional & Retail Top 10 Net Buy / Net Sell Stocks -
Week of 1 January - 5 January 2024
Read More...
guess who' s buying then?
SGX Institutional & Retail Top 10 Net Buy / Net Sell Stocks -
Week of 1 January - 5 January 2024
Read More...
Looking forward to a better business prospect for Geo, do not care whether what they playing left to right or right to left.
desmodeus ( Date: 08-Jan-2024 13:50) Posted:
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geo will see an increase in both top and bottom lines, ceteris paribus, with the addition of eagle from 4Q24. coal price will have to drop alot to see status quo
At this point, you can see that past few days transaction is the passing from right hand to left hand, they can play both ways that they want until there's the next triggering event take place
if chair melati got soon say 2c div for 4q, geo' s price wont be 34.5c but 36.5c liao.
jus be patient. konsi will make div announcement by next mth end.
hope it' s a good one. hope hop hop 2c at least.
jus be patient. konsi will make div announcement by next mth end.
hope it' s a good one. hope hop hop 2c at least.
ahberngh ( Date: 05-Jan-2024 11:36) Posted:
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I am just saying that it is good to have.
ahberngh ( Date: 05-Jan-2024 11:36) Posted:
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Did they say they are giving 2c dividend for 4th Q ??
wehuattogether88 ( Date: 05-Jan-2024 11:25) Posted:
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It is good that Geo can at least give out a 2 cents dividend for their 4Q & FY23 results.
wehuattogether88 ( Date: 05-Jan-2024 11:20) Posted:
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Probably, Geo more like cyclical stock. We also get dividends every quarter which is good sign the company is doing fine.