NDGPY NINE DRAGONS PAPER
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NINE DRAGONS PAPER News
Nine Dragons Paper Plans Sale of US Dollar-Denominated Perpetual Securities
Nine Dragons Paper (Holdings) (HKG:2689) is proposing an issue of US dollar-denominated perpetual securities, a Tuesday filing on the Hong Kong bourse said. Citigroup will be the sole global coordinat
Nine Dragons Paper (02689.HK) plans to issue PNC $3 perpetual securities to hold an investor conference call starting tomorrow
Nine Dragons Paper (Holdings) Limited (“Nine Dragons Paper”) Limited (“Nine Dragons Paper” 02689.HK for short) plans to issue Reg S, PNC3, and advanced unsecured perpetual capital securities denominated in US dollars. ()
Nine Dragons Paper (02689.HK): Proposed issuance of USD-denominated preferred perpetual capital securities
On May 28, Gelonghui | Nine Dragons Paper (02689.HK) issued an announcement. The company proposed issuing preferential perpetual capital securities denominated in US dollars. Details of the proposed offering (including the total principal amount, offer price and distribution rate) of such securities will be determined through a bid pricing process carried out by Citigroup as the sole global coordinator, sole lead manager and bookkeeper. After implementing the terms and conditions of such securities, it is anticipated that Citigroup (as the sole operator) will enter into a subscription agreement with the Company. The pricing and completion of the proposed offering is subject to market conditions and investor interest.
Changes in Hong Kong stocks | Paper stocks are at the top of the decline, corrugated paper profits, or operating at a low level, cultural paper profits are expected to recover
Paper stocks had the highest decline today. As of press release, Nine Dragons Paper (02689) fell 4.79% to HK$4.37; Lee & Man Paper (02314) fell 4.56% to HK$2.51; and Chenming Paper (01812) fell 4.25% to HK$2.03.
Yamato: Maintaining Nine Dragons Paper's (02689.HK) “Buy” rating and raising the target price to HK$5.5
Daiwa released a research report stating that it maintains the “buy” rating of Nine Dragons Paper (02689.HK) and the performance forecast remains unchanged, that is, net profit per ton for the second half of fiscal year 2024 was 48 yuan; net profit per ton for the 2025 to 2026 fiscal year reached 145 to 161 yuan, and the target price was raised from HK$5 to HK$5.5. Although it is the traditional low season for the paper industry after the Lunar New Year, Nine Dragons Paper still achieved strong sales volume and a capacity utilization rate close to full capacity in April, indicating a strong increase in the company's sales share.
Hong Kong paper stocks fluctuated and rallied. Nine Dragons Paper rose more than 2.5%, Chenming Paper rose nearly 2%, and Liwen Paper and Sunshine Paper both rose more than 1%.
Hong Kong paper stocks fluctuated and rallied. Nine Dragons Paper rose more than 2.5%, Chenming Paper rose nearly 2%, and Liwen Paper and Sunshine Paper both rose more than 1%.
Hong Kong paper stocks fluctuated and rallied. Nine Dragons Paper rose more than 4%, Liwen Paper rose more than 3%, and Chenming Paper rose more than 1%.
Hong Kong paper stocks fluctuated and rallied. Nine Dragons Paper rose more than 4%, Liwen Paper rose more than 3%, and Chenming Paper rose more than 1%.
This week's bullish stocks in Hong Kong | High-dividend stocks are sought after! China's foreign transport week rose by more than 23%, and China's building materials rose by more than 17%
In terms of individual stocks, net revenue from Q1 products increased by nearly 40% year on year, and Zaiding Pharmaceutical soared more than 26% this week; pre-sale of new iPad products began! The Apple concept stock, BYD shares surged nearly 20% this week.
Hong Kong paper stocks continued to rise. Nine Dragons Paper rose more than 7%, Chenming Paper rose more than 3.5%, Lee & Man Paper rose more than 2%, and Sunshine Paper followed suit.
Hong Kong paper stocks continued to rise. Nine Dragons Paper rose more than 7%, Chenming Paper rose more than 3.5%, Lee & Man Paper rose more than 2%, and Sunshine Paper followed suit.
Hong Kong Stock Concept Tracking | The subject of price increases welcomes the “money-making effect”, and pulp prices continue to rise, institutions believe Q2 is expected to continue to strengthen (with concept stocks)
Global pulp supply has been disrupted frequently since March. The mismatch between global pulp supply and demand is expected to be prominent in the second quarter. Combined, pulp inventories in the entire industry chain are at medium to low levels, and pulp prices are expected to maintain a strong trend in the second quarter.
Changes in Hong Kong stocks | Nine Dragons Paper (02689) rose more than 10%, leading the price of paper stock cultural paper, which is expected to continue to rise, pay attention to the pace of implementation of segmented paper price increases
Paper stocks generally rose today. As of press release, Nine Dragons Paper (02689) rose 9.4% to HK$3.84; Lee & Man Paper (02314) rose 4.58% to HK$2.51; and Chenming Paper (01812) rose 1.64% to HK$1.86.
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?
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.
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.
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