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الصين وأستراليا: مواجهة على الحديد الخام

الصين وأستراليا: مواجهة على الحديد الخام
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Earnings Results Rally Fair Values in These Sectors


Against the backdrop of the aggressive COVID-19 vaccination rollout and an improved outlook for the U.S. economy, Morningstar equity analysts increased their fair value estimates of cyclical stocks at a stepped-up pace during the first-quarter earnings season.
These fair value estimate upgrades were led by basic-materials companies bolstered by a strong pricing environment; communications companies riding an improved advertising landscape; and asset managers buoyed by continued strength in the stock market.
Morningstar equity analysts conduct fundamental analysis and create a financial model to determine a company s intrinsic value and a fair value for its stock. While our analysts stick to a long-term approach to investing, they monitor quarterly earnings results to update their assumptions and potentially their estimates. ....

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Energy stocks are cheap. Should they be on your watchlist?


There are currently 10 energy stocks under Morningstar coverage trading at big discounts. In this article, we examine the pros and cons of three of the most undervalued energy names under Morningstar coverage: Whitehaven Coal (ASX: WHC), Z Energy (ASX: ZEL) and Beach Energy (ASX: BPT).
Source: Morningstar Direct; data as a 22 February 2021
Whitehaven Coal
Whitehaven Coal remains on the Morningstar Best Ideas list, with the shares trading at a more than 50 per cent discount to the $3.20 fair value estimate set by equity analyst Mathew Hodge.
Whitehaven Coal is a large Australian independent thermal and semisoft metallurgical coal miner with several mines in the Gunnedah Basin, NSW. It offers exposure to global energy and steel demand via thermal coal (used in electricity generation) and metallurgical coal (used in steelmaking). ....

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UPDATE 2-Australia state commission blocks South32 coal mine extension


By Reuters Staff
(Adds South 32 comment)
MELBOURNE Feb 5 (Reuters) - An Australian planning body on Friday blocked global miner South32 Ltd’s planned coal mine extension in New South Wales state, citing concerns over its potential irreversible impact to Sydney’s water resources.
The decision by the New South Wales Independent Planning Commission halts South32’s plans to extend the life of its underground Dendrobium metallurgical coal mine to 2048.
In its ruling, the commission found “the risks of adverse impacts on the environment are high, and that those impacts are not appropriately manageable and are likely to be irreversible.”
“We knew there were risks, as there are nowadays in any coal mine application,” said Peter O’Connor, a mining analyst at investment firm Shaw and Partners. “Is this a company breaker? No. Is it disappointing? Yes.” ....

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