Chinese coal stocks are having a strong bull run despite the fear that a global recession is underway. While most of the major stock markets in the world are going on a roller coaster ride and hurting investors’ portfolios, Chinese coal stocks continue to show strong momentum, some giving investors incredible YTD (Year to Date) returns up to 100%. If you are ready to take advantage of the amazing upside of Chinese coal sector, you don’t want to miss out the following top 3 Chinese coal stocks.
The number one coal stock on our list is 中国神华 (zhong guo shen hua), ticker symbol 601088, which is currently the largest coal company in China and also a long time industry leader. The market cap of 中国神华 stands at 515 billion Yuan (RMB) and its YTD return in 2022 shoots up to over 56%.
Second on our top coal stocks list is 陕西煤业 (shan xi mei ye) with ticker symbol 601225. This is the second largest coal producer in China in terms of market cap. 陕西煤业 has generated a whopping YTD return as high as 100%.
Last one on the list is 兖矿能源 (yan kuang neng yuan), ticker symbol 600188. As the 3rd largest coal company in China, 兖矿能源’s shares delivered a jaw-dropping return of over 130%, making it one of the best performing stocks in China’s A share market in 2022.
While the world is seeking to switch from traditional “dirty” energy sources such as coal to green ones like solar power and wind energy, the change won’t happen overnight, which means fossil fuels like coal are still going to play an important role in our lives for quite some time. As the power consumption around the world continues to increase, we have good reasons to believe that Chinese coal stocks are set to achieve even better returns in years to come.