Capital Allocation Trends At Lee & Man Paper Manufacturing (HKG:2314) Aren't Ideal

Simply Wall StOct 11 22:07 ET

Citi: Maintains a "Neutral" rating on ND Paper, with the target price raised to 4.3 Hong Kong dollars.

Citigroup's research report states that considering the recovery in consumer demand under stimulus policies, especially significant growth in the household appliance industry, they have slightly raised nd paper (02689)'s profit forecast for the 2025 to 2026 fiscal years by 6%, with the target price increased to 4.3 Hong Kong dollars. They maintain a "neutral" rating and maintain a "sell" rating for Lee & Man Paper (02314). The report mentions that although nd paper turned losses into profits by the end of the fiscal year 2024, with a net profit of 0.818 billion yuan, a significant improvement from the loss of 2.399 billion yuan in the 2023 fiscal year, they still expect nd paper to return to profit in the early 2025 fiscal year.

Sina Hong Kong StocksOct 9 05:22 ET

How is the outlook for the papermaking peak season? Manufacturers are cautiously optimistic, with cost control still being the main theme|Industry News

1. The papermaking peak season has started, and many paper mills hold cautious optimism expectations; 2. The industry was flat in the first three quarters, and the cost advantages of leading paper enterprises are showing; 3. There are many factors causing differences in gross profit of paper enterprises, with inventory management being the core; 4. The pressure of rising paper prices in Q4 still exists, and paper enterprises still need to compete in cost control.

cls.cnOct 8 10:07 ET

Lee & Man Paper Secures New Sourcing Agreements

TipRanksOct 8 06:08 ET

Improved Earnings Required Before Lee & Man Paper Manufacturing Limited (HKG:2314) Shares Find Their Feet

Simply Wall StSep 20 20:37 ET

Orient Securities: In July, China's paper and paperboard production increased by 11.5% year-on-year, and culture paper and specialty paper prices may gradually stabilize.

The cumulative output of machinery paper and paperboard from January to July 2024 increased by 13.5% year-on-year, with a production volume of 13.17 million tons in July, a year-on-year increase of 11.5%.

Zhitong FinanceAug 18 23:45 ET