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Changes in Hong Kong stocks | Nine Dragons Paper (02689) rose more than 6%, leading the paper stock, pulp, which is expected to continue to strengthen in the second quarter, and the rise in cultural paper prices came to fruition smoothly
Paper stocks had the highest gains. As of press release, Nine Dragons Paper (02689) rose 6.1% to HK$3.48; Lee & Man Paper (02314) rose 5.58% to HK$2.46; and Chenming Paper (01812) rose 2.21% to HK$1.85.
Chenming Paper (01812) ruled to dismiss HKK2's appeal against the Court of First Instance decision
Zhitong Finance App News, Chenming Paper (01812) issued an announcement. In October 2022, the company commissioned a Hong Kong legal adviser to apply to the Court of First Instance to seek revocation or adjournment of the winding-up petition filed by HKK2 against the company. On July 25, 2023, the Court of First Instance heard the application and handed down a ruling on August 10, 2023, to set aside the winding-up petition. HKK2 appealed against the Court of First Instance decision on October 31, 2023. The appeal was heard by the Court of Appeal on March 21, 2024. The company received an appeal and the court issued it on April 23, 2024
Chenming Paper (01812) was released from the largest shareholder Chenming Holdings for a total of 1.36 million shares
Zhitong Finance App News, Chenming Paper (01812) issued an announcement. The company recently received a letter from Chenming Holdings Co., Ltd. (Chenming Holdings), the largest shareholder, to learn that some of the company's shares held by it were released from the pledge. The total number of shares released from pledge this time was 1.36 million shares, accounting for 0.44% of the company's total share capital.
Investors Aren't Buying Shandong Chenming Paper Holdings Limited's (SZSE:000488) Revenues
You may think that with a price-to-sales (or "P/S") ratio of 0.4x Shandong Chenming Paper Holdings Limited (SZSE:000488) is a stock worth checking out, seeing as almost half of all the Forestry compan
Orient Securities: Demand from Europe and the US is picking up, supply shocks are frequent, and pulp is expected to continue to strengthen in the second quarter
The Zhitong Finance App learned that Orient Securities released a research report stating that starting at the end of 2023, the European and American paper industry chains are coming to an end, and demand for pulp is gradually picking up. Global pulp supply disturbances have been frequent since March. The mismatch between global pulp supply and demand is expected to be prominent in the second quarter. Combined with pulp inventories throughout the industry chain, the pulp inventory in the entire industry chain is at a medium to low level, and pulp prices are expected to maintain a strong trend in the second quarter. In terms of bulk paper, we are currently in the traditional peak season for cultural paper. If pulp prices continue to be strong, cultural paper prices are expected to achieve cost transmission, and cultural paper industry leaders, which account for a relatively high proportion of self-supply pulp, are expected to benefit from this round of rising paper prices and achieve profitable expansion. Inci
[Hong Kong Stock Connect] Chenming Paper (01812) reversed the market by 6.13% and turned a loss into a profit in the first quarter
Jinwu Financial News | Chenming Paper (01812) turned a loss into a profit in the first quarter, driving the stock price to reverse the market. The stock price was tentatively reported at HK$1.73, up 6.13%, with a turnover of HK$6.033 million. The company released its report for the first quarter of 2024, and recorded net profit attributable to shareholders of listed companies of 58,1962 million yuan (RMB, same below), turning a year-on-year loss into a profit; basic earnings per share were 0.020 yuan, compared to -0.101 yuan for the same period last year. In the same period, revenue of 6.762 billion yuan was recorded, an increase of 9.84% over the same period last year.
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