Core Viewpoint - Global New Materials International (06616) is experiencing a stock price increase of over 3%, currently at HKD 6.87, with a trading volume of HKD 14.8758 million. The company plans to redeem USD 40 million of convertible bonds due on November 8. [1] Company Summary - The company has purchased a total of 1.1218 million shares of its non-wholly owned subsidiary CQV from July to October this year, increasing its total holdings in CQV to 5.5118 million shares, which represents approximately 50.75% of CQV's total issued shares. [1] - The company has made strategic acquisitions of CQV in South Korea and Merck's surface solutions business in Germany, positioning itself as an industry leader and entering the high-end market. [1] - Future plans include expanding domestic production capacity of pearlescent pigments to approximately 48,700 tons, which may help the company quickly capitalize on acquisition-related demand and achieve cost reduction and efficiency improvements through cost control and economies of scale. [1] Industry Summary - The pearlescent pigment industry is considered undervalued by the market, with high growth potential, low price sensitivity, and strong brand moats, naturally leading to high valuation factors. [1] - The global market size for pearlescent pigments has a CAGR of 13.99% from 2016 to 2023, with even faster growth in downstream demand from high-margin and high-priced sectors such as cosmetics and automotive. [1]
环球新材国际涨超3% 机构指公司产能扩张或将有利于快速消化收购需求端红利