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gf sec: The leading papermaking company is reducing production, and the industry is likely to welcome a short-term turning point.
Chenming (000488.SZ) monthly production reduction is expected to have a certain impact on domestic paper prices, short-term supply shrinkage, demand remains unchanged, expected to stop the current downward trend of paper prices, bullish for the industry sentiment to recover.
Hong Kong stocks closed (11.20) | Hang Seng Index rose by 0.21%. The AI application concept is booming, leading Kai Medical-B (02105) surged by 48% in pharmaceutical stocks.
The Hong Kong stock market opened lower in the morning but quickly surged, and then showed a narrow fluctuation trend throughout the day, with the Hang Seng Index returning to the 4,400-point level.
After an announcement shook the market, shandong chenming paper's stock price dropped significantly in both A and H shares today, with many banks stating that there is currently no crediting cooperation.
①Affected by relevant news, today both A and H shares of Shandong Chenming Paper opened with significant declines. ②As a star enterprise in Shandong, Shandong Chenming Paper has been a key public relations and investment target of banks. ③Several banking professionals have told Caixin that they currently have no crediting cooperation with Shandong Chenming Paper. Some cooperating banks still maintain exposure, which is continuously decreasing.
Chenming Paper's Overdue Debt Reaches 1.82 Billion Yuan
Paper industry giant 'thunder explosion', over 50 billion debt partially overdue! Over 70% of production capacity has been suspended.
Shandong Chenming Paper A and H shares collectively fell sharply.
Zhitong Hong Kong Stocks Early Insights | More than two million people have pre-ordered the Huawei Mate 70 series, and the photovoltaic industry is expected to recover next year.
Huawei officially opens the pre-order channel for the Mate 70 series, and is scheduled to be officially released on November 26. As of the time of writing, the journalist noticed that the number of reservations for the three products in the Huawei Mate 70 series, Mate 70, Mate 70 Pro, and Mate 70 Pro+, has exceeded two million on the Huawei Mall.
Shareholders in Shandong Chenming Paper Holdings (SZSE:000488) Have Lost 64%, as Stock Drops 4.5% This Past WeekNo Data
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