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ND PAPER: 2023/2024 Annual Report
Nine Dragons Paper Proposes New Bye-Laws for Compliance
Hong Kong stocks unusual movement | nd paper (02689) rose more than 3%, announcing successive price increases in its six major bases, institutions pointing to potential improvement in industry costs in the third quarter.
nd paper (02689) rose more than 3%, as of the deadline, rose by 3.57%, at 3.48 Hong Kong dollars, with a turnover of 11.5113 million Hong Kong dollars.
Express News | Goldman Sachs: Maintains Buy ratings on Zijin Mining Group and Baosteel, Neutral ratings on Ganfeng Lithium and cnbm.
Goldman Sachs: Maintaining 'buy' ratings on Zijin Mining (02899.HK) and Baosteel. 'Sell' ratings on Maanshan Iron and Steel (00323.HK), Hongqiao (01378.HK), and Aluminum Corporation of China (02600.HK).
Goldman Sachs' research report expects that the replacement of air conditioners, appliances, electric vehicles, and automobiles with new ones will have a significant impact on the demand for copper, aluminum, lithium, and flat steel in mainland China in the next few months. On the other hand, the trend of construction demand has not shown signs of improvement yet, and it seems to continue on its current multi-year adjustment path, so the bullish demand for construction steel, iron ore, and cement should be limited. The bank expects that a 10% increase in sales of air conditioners, appliances, electric vehicles, and automobiles, a 10% acceleration in grid distribution, and the possible implementation of urban underground pipeline renovation projects could increase mainland China's demand for copper by 4.3% and aluminum by 3.6%.
nd paper(02689.HK): Performance meets expectations. The integration of pulp and paper, diversified product layout is gradually taking shape, looking forward to subsequent improvements in industry prosperity.
Investment highlights: The company released the FY2024 annual report, and the performance met expectations. In FY2024, revenue reached 59.496 billion yuan, a year-on-year increase of 4.9%, with a net income attributable to the parent company of 0.751 billion yuan, turning losses into profits, and sales volume of 1960.
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