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Some Investors May Be Worried About Nine Dragons Paper (Holdings)'s (HKG:2689) Returns On Capital
Minsheng Securities: It is difficult for pulp prices to fall and the volatility is increasing, and profit improvement is expected.
On the one hand, the pulp production capacity of the above-mentioned companies is relatively low, while on the other hand, paper prices have strong resilience, and profit improvement can be expected.
Hong Kong stock market anomaly | The stock price of nd paper (02689) fell by more than 3% again due to the rise of waste paper raw materials and controversy over the issuance of the company's high-yield bonds.
The stock price of nd paper (02689) continues to fall, as of press time, it has fallen by 3.26%, to HKD 3.26, with a turnover of HKD 12.0266 million.
Hong Kong Stock Market News: ND Paper (02689) fell by nearly 4% after two paper price increases this year due to rising raw material costs and increased pressure on the industry chain.
Zhī tōng cáijīng APP learned that ND paper (02689) fell by nearly 4%, as of press time, down 3.76%, at HKD 3.33, with a turnover of HKD 2447.19. Recently, ND paper issued a statement announcing an adjustment to the selling prices of its main production products such as boxboard paper, corrugated paper, and kraft paper. This is the second similar announcement by the company this year. It is reported that the main reason for the price increase this time is the rise in raw material costs and the increase in market demand. In addition, it is worth noting that the rise in waste paper raw material prices has also caused manufacturers such as ND paper to have to raise the selling prices of their products.
Hong Kong stocks are fluctuating | Nine Dragons Paper (02689) fell more than 5% again, falling more than 18% within the month. The Zhang Yin family subscribed for company's $400 million bonds at an annual interest rate of 14%.
Nd paper (02689) fell more than 5% again, with a cumulative drop of more than 18% this month. As of press time, it fell 4.83% to HKD 3.35, with a turnover of HKD 21.4211 million.
Market Cool On Nine Dragons Paper (Holdings) Limited's (HKG:2689) Revenues Pushing Shares 25% Lower
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