{"id":331797,"date":"2025-03-06T15:27:10","date_gmt":"2025-03-06T07:27:10","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=331797"},"modified":"2025-03-06T15:27:17","modified_gmt":"2025-03-06T07:27:17","slug":"trade-the-news-sccs-profit-down-30-on-weaker-coal-energy-prices","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-sccs-profit-down-30-on-weaker-coal-energy-prices\/","title":{"rendered":"Trade the News: SCC’s profit down 30% on weaker coal, energy prices"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>NEGATIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Semirara Mining and Power 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 36.98<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

All-time high coal shipments and increased electricity generation of Consunji-led Semirara Mining and Power Corp. (SCC) failed to lift its earnings last year amid weaker selling prices.<\/p>\n\n\n\n

In a disclosure on Monday, SMPC said its net income for the period had dropped 30 percent to P19.6 billion from a year earlier.<\/p>\n\n\n\n

Its top line also took a hit, declining by 15 percent to P65.19 billion \u201cdue to lower selling prices for both coal and electricity.\u201d<\/p>\n\n\n\n

But thanks to the increased sales volume, SMPC said it received \u201csome relief.\u201d<\/p>\n\n\n\n

The group\u2019s coal business continued to contribute the largest in its profit, followed by SEM-Calaca Power Corp. and Southwest Luzon Power Generation Corp.<\/p>\n\n\n\n

The company said total shipments had reached 16.5 million metric tons (MT) in 2024, up 4.4 percent from 15.8 million MT in 2023. Coal production also amounted to 16 million MT last year.<\/p>\n\n\n\n

Gross power generation, meanwhile, totaled 5,358 gigawatt hours (GWh).<\/p>\n\n\n\n

In the last quarter of 2024, it said the average Newcastle Index\u2014the benchmark price for seaborne thermal coal in the Asia-Pacific region\u2014had inched up by 2 percent to $137.7. The Indonesian Coal Index, on the other hand, dropped 12 percent to $51.8.<\/p>\n\n\n\n

The average selling price of power also decreased by 3 percent to P4.16 per kilowatt hour (kWh).<\/p>\n\n\n\n

(News Source: Philippine Daily Inquirer<\/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\n\n\n

<\/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-331797","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\/331797","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=331797"}],"version-history":[{"count":2,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331797\/revisions"}],"predecessor-version":[{"id":331799,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331797\/revisions\/331799"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=331797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=331797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=331797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}