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.
Hong Kong Stock Concept Tracking | Wood pulp prices continue to rise, and the paper industry ushered in a new wave of price increases (with concept stocks)
Agencies expect the mismatch between global pulp supply and demand to be prominent in the second quarter
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 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.
Cathay Pacific Junan: First to Nine Dragons Paper (02689) “Increase in Holdings” Rating Target Price of HK$4.4
Guotai Junan expects Nine Dragons Paper (02689)'s net profit from FY2024-2026 to mother of 7.8/26.8/3.35 billion yuan.
Nine Dragons Paper (2689.HK): Stay true and go through the cycle
Guide to this report: Marginal improvement in industry supply and demand, availability of high-quality raw materials to support product premiums, slowing capital expenditure and easing depreciation pressure. The company's profit elasticity is worth looking forward to under the three major catalysts. Summary: First coverage, with a “gain” rating. Industry cycle
Express News | Guotai Junan International: Gives Nine Dragons Paper an initial rating that is superior.
Nine Dragons Paper (02689) In-depth Report: Integration of pulp and paper, reinventing the paper leader Nirpan
Nine Dragons Paper (02689:HK) has the highest paper production capacity in the world and is focusing on building an integrated layout of the industrial chain. The company was founded in 1995 and listed on the Stock Exchange in 2006. At present, the company has ten major production bases in China
ND PAPER: 2023/2024 Interim Report
Changes in Hong Kong stocks | Nine Dragons Paper (02689) rose nearly 5%, leading paper companies are expected to raise prices and increase demand during the peak season, and demand is expected to be released
Nine Dragons Paper (02689) rose nearly 5%. As of press release, it rose 4.68% to HK$3.58, with a turnover of HK$6.661 million.
Changes in Hong Kong stocks | Sunshine Paper (02002) rose more than 6%, leading paper companies in the paper industry started a new round of price increases, and cultural paper performance can be expected during the peak season in March
Paper stocks generally rose. As of press release, Sunshine Paper (02002) rose 6.15% to HK$1.9; Nine Dragons Paper (02689) rose 5.5% to HK$3.45; and Lee & Man Paper (02314) rose 2.3% to HK$2.22.
Nine Dragons Paper (02689.HK): 23H2 saw impressive growth in production and sales, turning a loss into a profit, and is expected to recover in 24 years
Key investment company FY2024H1 (corresponding to 2023H2 natural year) achieved revenue of 30.61 billion yuan (-1.9% YoY) and net profit of 290 million yuan (YoY +121.1%), compared to FY23H
Express News | Bank of America: Raising Nine Dragons Paper's Target Price to HK$3.7 to Reiterate “Neutral” Rating
Bank Ratings | Bank of America: Raising Nine Dragons Paper's Target Price to HK$3.7 to Reiterate “Neutral” Rating
Bank of America Securities published a research report stating that the average daily shipment volume of Nine Dragons Paper has been exceeding 60,000 tons since the Lunar New Year holiday, which is more than 20% higher than full load production, causing its inventory level to drop for three weeks. Due to steady demand, Jiuji announced a price increase of 30 to 50 yuan per ton starting in March. Bank of America is expected to help drive profit margins to continue to rise. The bank also indicated that the strong sales growth trend is expected to continue in the first half of the fiscal year, that is, from June to December of last year. Management revealed that sales are expected to reach 19.5 million tons in fiscal year 2024, which means that sales will increase by about 15% year-on-year in the second half of the fiscal year, that is, January to June of this year. Bank of America will run from 2024 to
Nine Dragons Paper (2689.HK): Reversed losses and profits are expected to continue to recover in 4Q23
Key investment points turned a loss into a profit, in line with profit expectations: 1HFY24 (that is, 2H23 in the natural year), the company recorded operating income of 30.611 billion yuan, -1.9% year-on-year; gross profit increased sharply by 294.4% to 27.06
Nine Dragons Paper (02689.HK) appoints Zhang Lianru as Executive Director
Gelonghui Feb. 29丨Nine Dragons Paper (02689.HK) announced that Zhang Lianru has been appointed as the company's executive director with effect from March 1, 2024.
Hong Kong Market Overview | Hang Seng Tech closed up 0.14%, surging more than 14% this month; semiconductor stocks and auto stocks generally rose, SMIC rose nearly 6%, and Xiaopeng Motor rose nearly 3%
Domestic housing stocks and property management stocks generally fell, and China's overseas development fell nearly 2%; most pharmaceutical stocks rose; Lai Kai Pharmaceuticals rose nearly 43%, Genting Xinyao rose nearly 12%, and Pharmaceutical Biotech rose more than 3%; catering stocks were popular; Haidilao rose more than 3%; and Yum China rose nearly 2%.
Express News | CITIC Lyon: Upgraded Nine Dragons Paper's rating to reduced holdings, with a target price of HK$3.90.
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