Core Viewpoint - Nine Dragons Paper (02689) has seen its stock price rise over 20% in the month, reaching a new high of HKD 7.35, driven by supply reductions and price increases in the paper industry [1] Group 1: Stock Performance - Nine Dragons Paper's stock rose by 8.43% to HKD 7.33, with a trading volume of HKD 165 million [1] - The stock price has increased over 20% within the month, indicating strong market performance [1] Group 2: Industry Dynamics - Major packaging paper companies, including Nine Dragons, Shanying, Lee & Man, and Rongcheng, have undertaken large-scale maintenance shutdowns, actively reducing supply [1] - Companies such as Bohui, APP, and Asia Pulp & Paper have collectively announced price increases for white card and cultural paper [1] Group 3: Economic Factors - The recent appreciation of the Renminbi beyond 7 is expected to lower the cost of imported pulp, benefiting the profitability of the paper industry [1] - Bohai Securities notes that the domestic paper industry has a reliance on overseas pulp, and the currency appreciation will help improve profit margins [1] - Shenwan Hongyuan highlights a long-term trend of supply-demand improvement in the industry, with potential benefits from policies aimed at reducing competition and marginal demand changes [1]
玖龙纸业午后涨超8%创近三年新高 月内股价累涨超两成