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Goldman Sachs issued a research report lowering its forecasts for steel, coal, cement, lithium and paper stocks, and raising its expectations for aluminum and copper. Goldman Sachs downgraded CHINA COAL (01898.HK)'s H-shares to Neutral, and upgraded MMG (01208.HK) to Buy. The table below summarizes Goldman Sachs' latest ...
Recommend
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Positive
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HK-listed paper makers generally sought for troughs today. SUNSHINE PAPER (02002.HK) decreased for 3 consecutive days, and bottomed at $ 2.18, hitting an over-9-month low. The stock last printed at $2.21, down 8.3%. Volume increased to 3.07 million shares. C&D NEWIN (00731.HK) cascaded 7.4% to $0.199.ND PAPER (02689.HK) fell...
Recommend
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Positive
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CHENMING PAPER (01812.HK) announced its results for 1Q23 to 3Q23 ended September. According to China Accounting Standards, the Company realized revenue of RMB19.722 billion, down 22.2% YoY. Net loss attributable to shareholders amounted to RMB768 million, as compared to a net profit of RMB241 million in the same period of 2022. ...
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On the first day after the double festival holiday ended, the mainland paper market hailed a new round of price hikes. On 7 October, ND PAPER (02689.HK)'s bases in Dongguan, Taicang, Quanzhou, Chongqing, Shenyang, Tianjin, and Hubei raised prices by RMB50-100 per ton, involving craft paper, recycled craft paper and corrugate...
Recommend
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Positive
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According to mainland media reports, a number of paper makers in China announced an increase in the price of coated paper by RMB200 per ton due to a prolonged price inversion.It was reported that the demand for coated paper is passible, and orders from some regions were scheduled until mid-August. There have already been two pri...
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