Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Fushan Energy (639 HK): Coking Coal Prices To Strengthen With Anglo Accident

Shougang Fushan Resource (639 HK): FY23 Earnings, 11% Dividend Yield With ~50% of Mkt Cap in Cash

Fushan Energy: Coking Coal Prices High and Dividend Yield >10% with ~50% of Mkt Cap in Cash

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>Following our piece, <a href="https://www.smartkarma.com/insights/fushan-energy-639-hk-coking-coal-prices-to-strengthen-with-anglo-accident" target="_blank" data-smartkarma-citation="insights:150683" rel="noopener">Fushan Energy (639 HK): Coking Coal Prices To Strengthen With Anglo Accident</a>, we highlight <a href="https://www.smartkarma.com/entities/mongolian-mining-corp" target="_blank" data-smartkarma-citation="entities:4382:1" rel="noopener">Mongolian Mining (975 HK)</a> as another play with growth potential. </li>
<li>With a market capitalization of 1.1 bn USD, it trades at 5.3x PE, trailing, and with <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0221/2024022100574.pdf" target="_blank" rel="noopener">the sale of 20% of its subsidiary KEX</a>, it is net cash. </li>
<li>Potential catalysts include the payment of a first dividend once it has redeemed the perpetual notes and the commencement of its <a href="https://erdene.com/site/assets/files/4243/erd_q3_2024.pdf" target="_blank" rel="noopener">highly accretive gold project in 2025 in Mongolia</a>. </li>
</ul>


Following our piece, Fushan Energy (639 HK): Coking Coal Prices To Strengthen With Anglo Accident, we highlight Mongolian Mining (975 HK) as another play with growth potential. 
With a market capitalization of 1.1 bn USD, it trades at 5.3x PE, trailing, and with the sale of 20% of its subsidiary KEX, it is net cash. 
Potential catalysts include the payment of a first dividend once it has redeemed the perpetual notes and the commencement of its highly accretive gold project in 2025 in Mongolia. 


Mongolia Mining Corp (975 HK): Play on Coking Coal Price With Growth Optionality