02689 ND PAPER
- 3.490
- +0.210+6.40%
ND PAPER News
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.
Zhongtai Securities: Pulp price inflection point at the end of Q2 or paper companies currently focusing on good price and cost control capabilities
According to a research report released by Zhongtai Securities, the core driver of this round of pulp growth is European demand restoration+low inventories+capacity maintenance.
The Returns On Capital At Nine Dragons Paper (Holdings) (HKG:2689) Don't Inspire Confidence
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that,
Cathay Pacific Junan: First to give Nine Dragons Paper an “increase in holdings” rating target price of HK$4.4
According to a research report, Guotai Junan released a research report stating that FY2024-2026 gave Nine Dragons Paper (02689) an “increase in holdings” rating. The net profit of FY2024-2026 is expected to return to 7.8/26.8/3.35 billion yuan, turning negative year-on-year to positive/ +242%/+25%, with a target price of HK$4.4. The bottom of the industry cycle is gradually recovering upward. As an industry leader with leading scale, the company has an in-depth forward-looking layout of raw materials, products, and channels, combined with optimization of external supply and demand patterns, and profit flexibility can be expected. Guotai Junan's main views are as follows: internal and external factors resonate, and profit flexibility can be expected. 1) Production capacity during the peak capital expenditure cycle of the industry
Cathay Pacific Junan: First to Nine Dragons Paper (02689) “Increase in Holdings” Rating Target Price of HK$4.4
Guotai Junan expects Nine Dragons Paper (02689)'s net profit from FY2024-2026 to mother of 7.8/26.8/3.35 billion yuan.
ND PAPER: 2023/2024 Interim Report
Changes in Hong Kong stocks | Nine Dragons Paper (02689) rose nearly 5%, leading paper companies are expected to raise prices and increase demand during the peak season, and demand is expected to be released
Nine Dragons Paper (02689) rose nearly 5%. As of press release, it rose 4.68% to HK$3.58, with a turnover of HK$6.661 million.
[Broker Focus] Zheshang Securities maintains Nine Dragons Paper's (02689) “buy” rating, and prices and profits are expected to recover year-on-year in 24
Jinwu Financial News | According to the Zheshang Securities Research Report, Nine Dragons Paper (02689) FY2024H1 (corresponding to the 2023H2 natural year) achieved revenue of 30.61 billion yuan (-1.9% YoY), net profit of 290 million yuan (YoY +121.1%), an increase of 1,287 billion yuan over FY23H2, an increase of 1,681 billion yuan over FY23H1, and an increase of 1,681 billion yuan over FY24H1. The bank expects prices and profits to recover year-on-year in 24 as the import shock stabilizes and domestic demand recovers in '24. The bank mentioned that FY24H1 capital expenditure
Changes in Hong Kong stocks | Sunshine Paper (02002) rose more than 6%, leading paper companies in the paper industry started a new round of price increases, and cultural paper performance can be expected during the peak season in March
Paper stocks generally rose. As of press release, Sunshine Paper (02002) rose 6.15% to HK$1.9; Nine Dragons Paper (02689) rose 5.5% to HK$3.45; and Lee & Man Paper (02314) rose 2.3% to HK$2.22.
Bank Ratings | Bank of America: Raising Nine Dragons Paper's Target Price to HK$3.7 to Reiterate “Neutral” Rating
Bank of America Securities published a research report stating that the average daily shipment volume of Nine Dragons Paper has been exceeding 60,000 tons since the Lunar New Year holiday, which is more than 20% higher than full load production, causing its inventory level to drop for three weeks. Due to steady demand, Jiuji announced a price increase of 30 to 50 yuan per ton starting in March. Bank of America is expected to help drive profit margins to continue to rise. The bank also indicated that the strong sales growth trend is expected to continue in the first half of the fiscal year, that is, from June to December of last year. Management revealed that sales are expected to reach 19.5 million tons in fiscal year 2024, which means that sales will increase by about 15% year-on-year in the second half of the fiscal year, that is, January to June of this year. Bank of America will run from 2024 to
Analysts Are Updating Their Nine Dragons Paper (Holdings) Limited (HKG:2689) Estimates After Its Interim Results
Nine Dragons Paper (Holdings) Limited (HKG:2689) shareholders are probably feeling a little disappointed, since its shares fell 2.2% to HK$3.49 in the week after its latest interim results. Resu
Nine Dragons Paper (02689.HK) appoints Zhang Lianru as Executive Director
Gelonghui Feb. 29丨Nine Dragons Paper (02689.HK) announced that Zhang Lianru has been appointed as the company's executive director with effect from March 1, 2024.
[Broker Focus] Guosheng Securities maintains Nine Dragons Paper's (02689) “buy” rating, and the company's profit is expected to continue to recover
Jinwu Financial News | According to Guosheng Securities Research Report, Nine Dragons Paper (02689) released the FY2024H1 performance report: FY2024H1 achieved revenue of 30.611 billion yuan (-1.9% YoY), net profit to mother of 292 million yuan (+121.1% YoY), and sales volume +16.3% YoY to 10 million tons, excluding net profit and loss of 35 yuan per ton (FY2023H1/H2). In the second half of 2023, the industry recovered moderately, market demand picked up, raw material costs declined, and profits improved markedly from month to month. Current industry demand is improving, public
Goldman Sachs Upgrades Nine Dragons Paper Holdings (NDGPF) to a Hold
Nine Dragons Paper Returns to Profit in Fiscal H1
Nine Dragons Paper (Holdings) (HKG:2689) returned to a profit of 292.4 million yuan in the half-year ended Dec. 31, 2023, from a loss of 1.39 billion yuan in the year-ago period, a Tuesday filing said
CICC: Maintaining Nine Dragons Paper's (02689) “Outperform the Industry” rating target price of HK$4.9
Nine Dragons Paper's 1HFY24 performance is in line with CICC's expectations.
Selected Announcements | Country Garden was petitioned for liquidation by Ever Credit; China Exempts China to invest an additional 1.1 billion yuan in duty-free shopping
Nine Dragons Paper announced interim results, with shareholders accounting for a profit of 292 million yuan, turning a year-on-year loss into a profit; Fuzhikang Group issued a profit warning and expects a consolidated net loss of about US$120.8 million in 2023.
Zhitong Hong Kong Stock Exchange knows a long time ago | Apple (AAPL.US), a high-quality listed company with a 50 billion yuan insurance fund layout, cancels car construction and increases AI generation
[Today's Headlines] China Life Insurance and Xinhua Insurance's 50 billion joint venture private equity fund will be invested in high-quality listed companies. On the afternoon of February 27, Xinhua Insurance held its first extraordinary shareholders' meeting in 2024 to review and pass a bill on applying for a pilot investment fund. At the end of November 2023, China Life Insurance and Xinhua Insurance announced that the two sides plan to invest 25 billion yuan each, for a total of 50 billion yuan, to jointly initiate the establishment of a private equity investment fund. The bill reviewed and passed by the current shareholders' meeting of Xinhua Insurance has further unraveled the mystery of the fund. According to information, the investment scope of the above funds covers the stocks of listed companies and the money market base
Nine Dragons Paper (02689.HK)'s mid-term gross profit increased 294.4% to about 2.706 billion yuan
Gelonghui, Feb. 27丨Nine Dragons Paper (02689.HK) announced that in the six months ended December 31, 2023, the Group's sales volume increased 16.3% to about 10.0 million tons. The company's revenue decreased by 1.9% to approximately RMB 30,611.2 million. Gross profit increased by 294.4% to approximately RMB 2,705.6 million. The profit attributable to the company's equity holders during the period was approximately RMB 292.4 million, and the basic profit per share increased to approximately RMB 0.06.
ND PAPER: Unaudited Interim Results Announcement for the Six Months ended 31 December 2023
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