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Nine Dragons Paper (Holdings) (HKG:2689) Will Want To Turn Around Its Return Trends
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.
Orient Securities Starts Nine Dragons Paper at Buy With HK$4.26 Price Target
Orient: Buy rating on nd paper with a target price of 4.26 Hong Kong dollars.
Orient Securities released a research report stating that the net income attributable to nd paper (02689) for FY2025-2027 is 0.99/1.656/2.03 billion yuan, with BPS of 9.84/10.19/10.62 yuan, corresponding to ROE levels of 2.1%/3.5%/4.1%, target price of 4.26 Hong Kong dollars, and a "buy" rating. The recent improvement in the supply-demand relationship of the boxboard and corrugated paper industry is expected to enhance its prosperity. The company possesses outstanding production capacity scale advantages and a complete layout of upstream raw materials, self-owned power plants and docks to reduce costs, optimize pulp production capacity, and deepen product structure optimization.
【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.
Analysts Are Updating Their Nine Dragons Paper (Holdings) Limited (HKG:2689) Estimates After Its Interim ResultsNo Data
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