JD.com, Inc. JD

The huge holding by JD Zhixing Fund, SouthGobi Resources, SGQ.v or 1878.HK share price of this Canadian coal miner is, on a mood basis only, presently at ridiculous low prices! Patience to next earnings report July 20th is needed! Buying time is now to accumulate or average out!
I made privately as an amateur some very conservative estimates:
Mongolia’s exports April 2024 coal to China 6.7 Million ton!
Via CEKE Port shipped 30% = 2Mt
of that SGQ 20% =400Kt
Selling average at - CNY650 = US$90 per ton!
Tripple net profit margin estimate
US$40 per ton = 400,000 ton x US$40 = US$16 Million profit for April 2024. multiply x 11.5 month, (2 week holidays) = US$180 Million for 2024 = Can$240 Million divide by 295 Million shares = Can$0.80 per share! If traded at 3 x earnings, share price should be Can$2.40 per share or HK$13 per share!
I noticed last few weeks a lot of accumulation going on. Block purchases 100k to 1 Mill. when price low. Then big price drop with sales of 5-20,000 shares.
Interesting! JD.com who bought 2 years ago through their subsidiary JD Zhixing Fund (JDZF) about 64 Million shares of SGQ shares and a US$250 Mill. Convertible debenture added over last several months a further 24 Million shares of SGQ, holding now about 88 Million shares!
Patience is NEEDED!
Do your own research and DD!

JD’s COAL investments via JDZF subsidiary own 84 Million shares, over 28% of SGQ.v or 1877.HK.

According to SXCOAL and Mongolian Customs General Administration (MCGA).
Mongolia Coal exports to China: Jan.1.-April 30th 2024
Mongolia's coal exports totaled 24.43 million tonnes over January-April 2024, increasing 28.27% from the year-ago level, according to the latest data from the Mongolian Customs General Administration (MCGA).
The export value amounted to US$2.99 billion, falling 2.40% on the year, data showed. (Estimated 33% of total exported via CEKE Port! Of those 33% at
least 20% from SGQ, SouthGobi res. Mine!

Going 60$ soon

Going 40$

Going 40$ soon

Going 40$ soon

JD.com holding of SOUTHGOBI RESOURCES, SGQ.v Toronto and 1878.HK of over 82 Million shares and a US$250 Million convertible debenture, through its subsidiary JD Zhixing Fund L.P. looks like it will pay off huge dividends in the next five years!

https://thecoaltrader.com/southgobi-resources-reports-significant-growth-in-mongolian-coal-production-and-sales-in-2023/

https://thecoaltrader.com/southgobi-resources-reports-significant-growth-in-mongolian-coal-production-and-sales-in-2023/