02314 LEE & MAN PAPER
- 2.400
- -0.080-3.23%
LEE & MAN PAPER News
After four months of continuous growth, the paper sector has received “cyclical” new capital?
Is it the paper sector's turn to “wealth” brought about by the rotation of this industry?
LEE MAN PAPER MA To Go Ex-Dividend On May 13th, 2024 With 0.07792 USD Dividend Per Share
May 4th - $LEE MAN PAPER MA(LMPMY.US)$ is trading ex-dividend on May 13th, 2024. Shareholders of record on May 14th, 2024 will receive 0.07792 USD dividend per share on June 12th, 2024. The ex-div
Changes in Hong Kong stocks | Nine Dragons Paper (02689) rose more than 6%, leading the paper stock, pulp, which is expected to continue to strengthen in the second quarter, and the rise in cultural paper prices came to fruition smoothly
Paper stocks had the highest gains. As of press release, Nine Dragons Paper (02689) rose 6.1% to HK$3.48; Lee & Man Paper (02314) rose 5.58% to HK$2.46; and Chenming Paper (01812) rose 2.21% to HK$1.85.
Changes in Hong Kong stocks | Sunshine Paper (02002) is now rising more than 7%, leading paper stocks, and many paper companies have issued shutdown letters, agencies say the price of cultural paper is expected to achieve cost transmission
Paper stocks picked up in early trading. As of press release, Sunshine Paper (02002) rose 7.06% to HK$1.82; Chenming Paper (01812) rose 3.43% to HK$1.81; Nine Dragons Paper (02689) rose 1.61% to HK$3.15; and Liwen Paper (02314) rose 1.3% to HK$2.34.
Frequent news of production cuts and shutdowns has surged costs, and the outlook for paper companies in Q2 is bleak
“Due to the sharp rise in pulp board prices, our costs have increased dramatically. At the same time, it was difficult to raise prices in the finished product market, and the company suffered unprecedented losses and decided to stop production and maintenance of the No. 1 and No. 2 paper machines.” Recently, several household paper companies in Hebei issued shutdown notices.
Zhongtai Securities: Pulp price inflection point at the end of Q2 or paper companies currently focusing on good price and cost control capabilities
According to a research report released by Zhongtai Securities, the core driver of this round of pulp growth is European demand restoration+low inventories+capacity maintenance.
Hong Kong paper stocks fell again in the afternoon. Nine Dragons Paper fell nearly 4%, Chenming Paper fell more than 3.5%, Liwen Paper fell more than 2%, and Sunshine Paper followed suit.
Hong Kong paper stocks fell again in the afternoon. Nine Dragons Paper fell nearly 4%, Chenming Paper fell more than 3.5%, Liwen Paper fell more than 2%, and Sunshine Paper followed suit.
Changes in US dollar bonds | LEEMAN 5.5 PERP price rose 1.944% to 98.600
The current price of LEEMAN 5.5 PERP, issued by Ribun Paper on April 9, rose +1.944% and yield 15.902%.
Changes in Hong Kong stocks | Paper stocks rose the most, Chenming Paper (01812.HK) announced that in the first quarter, Yingxi Institution says supply and demand in the industry will gradually reach an inflection point
Paper stocks had the highest gains in early trading. As of press release, Chenming Paper (01812.HK) rose 5.29% to HK$1.79; Nine Dragons Paper (02689.HK) rose 5.04% to HK$3.54; Lee & Man Paper (02314.HK) rose 3.64% to HK$2.56; and Sunshine Paper (02002.HK) rose 1.13% to HK$1.79.
Hong Kong paper stocks continue to rise
Gelonghui, April 9 | Chenming Paper rose nearly 6%, Nine Dragons Paper rose more than 3%, and Liwen Paper and C&D Xinsheng all rose more than 2.5%.
LEE & MAN PAPER: 2023 Annual Report
Express News | The Ministry of Commerce held a roundtable meeting on foreign-funded enterprises in Chongqing
Bank Rating | Lyon: Lowering the target price of papermaking to HK$3 to maintain an attractive “buy” rating
Glonghui, March 12 | Lyon issued a report indicating that although the average sales price of Liwen Paper's products fell 10.6% in the second half of 2023, the company's self-produced pulp production at new production lines in Chongqing, Jiangxi and Guangxi surged, causing the cost of toilet paper raw materials to fall faster. The bank expects the company's profit performance to improve dramatically. Lyon reduced the target price of Lee & Man Paper from HK$3.5 to HK$3, but maintained a “buy” rating due to attractive valuations, controllable leverage, and cost savings brought about by in-house pulp throughout the year. In addition, the bank also believes that the continued increase in pulp production may bring about 4.8 to the company's profit in 2024
Bank of America Ratings | Bank of America: Raising the target price of papermaking to HK$2.6 and raising earnings estimates for FY2024 and FY25
Glonghui, March 12 | Bank of America Securities released a report stating that Lee & Man Paper's net profit for the 2023 fiscal year fell 11% year-on-year, beating the bank's expectations by 9%. The company proposes to pay a final dividend of 6.1 cents per share, which means that the annual dividend ratio is 35%, slightly lower than last year's 36%. Taking into account improved profits, the bank raised its 2024 and 2025 forecasts by 11 and 2%, respectively, and raised the target price by 8% to HK$2.6 from HK$2.4, reaffirming its “neutral” rating. According to the report, the price and shipment volume of boxboard paper continued to be low after the Spring Festival holiday, mainly due to weak demand, high inventory in paper mills, and domestic corrugated paper
Yamato: Maintaining Ribun Paper's (02314) “holding” rating and lowering the target price to HK$2.6
Yamato lowered its profit forecast of 8% to 9% for this year and next two years.
Bank Rating | Daiwa: Lowering the target price of papermaking to HK$2.6 to maintain the “hold” rating
Glonghui, March 11 | Yamato published a research report showing that Rikwen Paper's profit fell 12.4% year-on-year to HK$1.154 billion, better than market expectations of HK$720 million. The better performance was mainly due to an improvement in net profit per ton from HK$120 in the first half of last year to HK$205 in the second half of the year. The bank believes that the Group's resilient profit performance is driven by product diversification, including expansion of the tissue business, and vertical integration. Yamato lowered its profit forecast for this year and next two years by 8% to 9%, reflecting the challenging consumer climate in China and lowering the average product price forecast. The bank also shares in the group
Express News | Yamato: Lowering the target price of papermaking to HK$2.6 to maintain “hold” rating
Lee & Man Paper (2314.HK): 2H23 profit ushered in long-lost recovery
The 2023 results slightly exceeded expectations, and the improvement in industry supply and demand is expected to continue to achieve net profit attributable to the parent company of HK$1.05 billion in 2023, -11.3% year-on-year, slightly exceeding market expectations (Visible Alp
LEE & MAN PAPER To Go Ex-Dividend On May 13th, 2024 With 0.061 HKD Dividend Per Share
March 8th - $LEE & MAN PAPER(02314.HK)$ is trading ex-dividend on May 13th, 2024. Shareholders of record on May 14th, 2024 will receive 0.061 HKD dividend per share on June 5th, 2024. The ex-divid
Lee & Man Paper's 2023 Profit Falls on Lower Revenue, Misses Estimates; Shares Rise 7%
Lee & Man Paper Manufacturing's (HKG:2314) attributable profit slid to HK$1.05 billion in 2023 from HK$1.19 billion in 2022, according to a Friday filing with the Hong Kong bourse. Earnings per share
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