Things Look Grim For Nine Dragons Paper (Holdings) Limited (HKG:2689) After Today's Downgrade

Simply Wall St18:59 ET

Nine Dragons Paper Unveils Board Structure

TipRanksOct 2 05:09 ET

nd paper (02689) appointed Cao Zhenlei as an independent non-executive director.

nd paper (02689) announced the appointment of Dr. Cao Zhenlei as an independent non-executive director of the company, effective from January 2024...

Zhitong FinanceOct 2 04:40 ET

Goldman Sachs: Maintains a 'neutral' rating on ND Paper, with the target price raised to 3.8 Hong Kong dollars.

Goldman Sachs released a research report stating that the target price of ND Paper (02689) has been raised by 8.6% from 3.5 Hong Kong dollars to 3.8 Hong Kong dollars, maintaining a "neutral" rating. The company returned to profit in the 2024 fiscal year, with a net profit of 0.75 billion yuan (RMB) and earnings per share of 0.16 yuan. Excluding forex losses and inventory impairments reversed, the recurring profit is 0.65 billion yuan. The results are lower than the bank's expectations and institutional consensus, mainly due to higher financial costs and tax expenses. The bank stated that it has raised earnings per share forecasts for ND Paper for the 2025-26 fiscal years by 7%-21% to reflect the assumption of higher unit net profit for paper, partly offset by

Sina Hong Kong stocksSep 30 03:15 ET

Goldman Sachs: Maintains neutral rating on nd paper (02689) with target price raised to 3.8 Hong Kong dollars.

Goldman Sachs has raised its earnings per share forecast for nd paper for the 2025-26 fiscal year by 7%-21%.

Zhitong FinanceSep 30 02:09 ET

Subdued Growth No Barrier To Nine Dragons Paper (Holdings) Limited's (HKG:2689) Price

Simply Wall StSep 26 20:53 ET