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The latest announcement is out from Mongolia Energy ( (HK:0276) ).
Mongolia Energy Corporation Limited has announced a projected significant decrease in total revenue for the six months ending September 2025, expecting it to not exceed HK$900 million, compared to HK$1,699.9 million in the same period the previous year. This decline is attributed to a global economic downturn and a slowdown in the steel market in China, leading to weak demand and falling prices for coking coal. The company is still finalizing its financial results, with further reviews and adjustments pending, and advises caution to shareholders and potential investors.
The most recent analyst rating on (HK:0276) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.
More about Mongolia Energy
Mongolia Energy Corporation Limited is a company incorporated in Bermuda, primarily involved in the energy sector. The company focuses on the production and supply of coking coal, which is a critical component in steel manufacturing, with a significant market presence in China.
Average Trading Volume: 154,384
Technical Sentiment Signal: Buy
Current Market Cap: HK$137.3M
For an in-depth examination of 0276 stock, go to TipRanks’ Overview page.