{"id":331167,"date":"2025-01-15T19:24:28","date_gmt":"2025-01-15T11:24:28","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=331167"},"modified":"2025-01-15T19:24:31","modified_gmt":"2025-01-15T11:24:31","slug":"trade-the-news-scc-hits-all-time-coal-shipment-record-in-2024","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-scc-hits-all-time-coal-shipment-record-in-2024\/","title":{"rendered":"Trade the News: SCC hits all-time coal shipment record in 2024"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Jollibee Foods Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>SCC<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 33.40<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Semirara Mining and Power Corporation (SCC) has posted record-high shipments of coal in 2024.<\/p>\n\n\n\n

In a disclosure to the Philippine Stock Exchange, SMPC reported that it shipped 16.5 million metric tons (MT) of coal last year, exceeding 2023\u2019s previous all-time high of 15.8 million MT.<\/p>\n\n\n\n

The company said the surge in coal shipments was \u201cpredominantly propelled by stronger demand from China and domestic markets.\u201d<\/p>\n\n\n\n

\u201cFor the third consecutive year, we have hit our maximum coal production of 16 million metric tons under our existing Environmental Compliance Certificate (ECC). This milestone underscores the SMPC team\u2019s dedication and commitment to meet rising local and global energy demand,\u201d said SMPC president, chief operating officer and chief sustainability officer Maria Cristina Gotianun.<\/p>\n\n\n\n

In 2024, SMPC\u2019s foreign shipments climbed 4% to 8.4 million MT, with exports to China increasing by 46% to 7.6 million MT.<\/p>\n\n\n\n

Domestic shipments also grew by 4% to 8.0 million MT driven by increased sales to local cement producers and Calaca power plants.<\/p>\n\n\n\n

SMPC said that 20% of the 1.3 million MT sold to cement plants were supplied to associate company Cemex Holdings Philippines Inc. (CHP).<\/p>\n\n\n\n

\u201cWhile we anticipate market prices to further normalize in 2025, we remain focused on strengthening our customer network and enhancing operational efficiencies to effectively support national energy security and meet the growing demand from the industrial and cement sectors,\u201d said Gotianun.<\/p>\n\n\n\n

(News Source: GMA Network<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-331167","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=331167"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331167\/revisions"}],"predecessor-version":[{"id":331169,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331167\/revisions\/331169"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=331167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=331167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=331167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}