Companies / 600989
SHANingxia Baofeng Energy Group (600989) in our theses
Ningxia Baofeng Energy Group appears in one of our theses. Below is why it entered the basket and how it has done since publication.
Hormuz is not just oil: a quarter of the world's methanol trade flows through the strait
An escalation around Hormuz will hit chemicals first, not oil: the Gulf is a quarter of seaborne methanol and close to one third of urea exports.
Why this company: A second order beneficiary: it makes olefins from its own coal, so expensive imported methanol is not its cost, it is a problem for the Chinese competitors buying feedstock on the market.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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