[Multiple factors resonate to drive the strength of the coal sector] On October 23, Wind data showed that as of the close of trading on October 22, the coal sector ranked first among the 31 Shenwan first-level industries with a cumulative increase of 18.98% during the year. Industry insiders believe that the outstanding performance of the coal sector is driven by the resonance of multiple factors, including supply contraction that continues to push up coal prices, and power plant winter storage that provides periodic catalysts. In addition, the market's increased attention to dividend assets has also attracted funds to further deploy the coal sector. Considering that coal prices are expected to rise further in the fourth quarter, the current investment opportunities in the coal sector are worthy of attention. We are optimistic about leading thermal coal companies with a high proportion of long-term cooperatives and strong performance stability, as well as targets in the coking coal sector that have the potential for increased production capacity or the flexibility to resume production. (China Securities Journal)