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【Industry Trends】China's railroads conduct large-scale trial operation of lithium batteries for the first time; multiple paper companies raise product prices.
For the first time, China's railroads conducted a large-scale trial transportation of lithium batteries on November 19. The first departure of the national railroad trial run of lithium batteries in Chongqing is waiting to depart on the Chongqing Changshou Yuba dedicated railroad (drone photo). Xinhua News Agency reporter Tang Yi captured the scene. On that day, three trains carrying power lithium batteries respectively departed slowly from the Chongqing Changshou Yuba dedicated railroad, Yibin Port in Sichuan, and Guiyang International Land Port. This is the first large-scale trial transportation of power lithium batteries by China's railroads, which will help facilitate the global distribution of domestically produced power lithium battery products. Source: xinhuanet co., ltd. Multiple papermaking companies have recently raised their product prices as factors such as supply and demand improvement have driven the price hikes.
Hong Kong stock industry concept tracking | Paper companies have set off a new round of price increases, signaling the industry's bottoming out and rebound (with concept stocks).
Since October, many papermaking companies have carried out one or more rounds of price increases. Recently, more companies have announced price adjustment plans for their multiple facilities, leading to paper enterprises in various regions following suit. The entire papermaking industry has ignited a new wave of price hikes.
Capital Allocation Trends At Lee & Man Paper Manufacturing (HKG:2314) Aren't Ideal
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.
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.
Lee & Man Paper Secures New Sourcing Agreements
Lee & Man Paper Manufacturing Limited's (HKG:2314) Popularity With Investors Is ClearNo Data
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