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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.
orient (03958.HK): Xu Haining resigns as vice president and other positions
On November 20, 2023, Gelonghui reported that orient (03958.HK) published an announcement stating that the company's board of directors recently received a written resignation letter from Vice President Xu Haining. Due to personal career development reasons, Xu Haining has applied to resign from the position of Vice President and will no longer hold any position in the company after resignation. According to regulations, the above-mentioned resignation will take effect from the date it is delivered to the board of directors.
The three major Hong Kong stock indexes continued to show a volatile trend, with the lithium battery and golden industrial concept sectors performing prominently.
① Why have international gold prices strengthened? ② What news has stimulated the strength of consumer electronics stocks? ③ Has the short sell ratio in the Hong Kong stock market shown a decline?
Market rumors circulating of CITIC and China Galaxy reorganization news. China Galaxy (06881) rose by 4.71%, leading the brokerage sector higher.
Kingwu Financial News | China Galaxy leads the brokerage sector, as of the press release, China Galaxy (06881) is up 4.71%, China International Capital Corporation (03908) is up 2.89%, Orient (03958) is up 1.86%, and CC Securities (01375) is up 1.59%. On the news front, the stock prices of China Galaxy and China International Capital Corporation reversed yesterday (13th), sparking speculation about merger and reorganization once again. Both brokerages stated to the media after the market closed that they were unaware of the news, all subject to official announcements. Media cited sources close to China International Capital Corporation speculating that the merger and reorganization plan of the two enterprises is about to be finalized, with China International Capital Corporation's wealth to be transferred to China Galaxy.
Citic Securities: Policy reform shapes fundamental expectations, opening up long-term incremental development space for brokerages.
citic sec released research reports stating that in the current environment of improving liquidity and shifting policies, the securities sector is expected to achieve significant improvements in both quarter-on-quarter and year-on-year fundamentals by leveraging high trading volume, large margin size, and low performance base.
Investing in Orient Securities (SHSE:600958) a Year Ago Would Have Delivered You a 25% Gain
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