How is the outlook for the papermaking peak season? Manufacturers are cautiously optimistic, with cost control still being the main theme|Industry News
1. The papermaking peak season has started, and many paper mills hold cautious optimism expectations; 2. The industry was flat in the first three quarters, and the cost advantages of leading paper enterprises are showing; 3. There are many factors causing differences in gross profit of paper enterprises, with inventory management being the ****e pressure of rising paper prices in Q4 still exists, and paper enterprises still need to compete in cost control.
Lee & Man Paper Manufacturing Limited Goes Ex Dividend Today
Frequent news of production cuts and shutdowns has surged costs, and the outlook for paper companies in Q2 is bleak
“Due to the sharp rise in pulp board prices, our costs have increased dramatically. At the same time, it was difficult to raise prices in the finished product market, and the company suffered unprecedented losses and decided to stop production and maintenance of the No. 1 and No. 2 paper machines.” Recently, several household paper companies in Hebei issued shutdown notices.
Futu Morning Post | Wall Street raised gold price expectations one after another: Goldman Sachs 2700, Bank of America 3000, UBS 4000!
Federal Reserve Collins: Inflation will continue to slow, and interest rates are expected to be cut twice this year; 50% price cut! Tesla's monthly rent for fully automated driving is now only $99; the biggest risk of “weight loss elixir” has been eliminated! European Medicines Agency: Drugs such as Wegovy have nothing to do with suicide.
Weekly preview | Earnings season is at its peak! Netflix and TSMC will release the list; the situation in the Middle East has once again escalated, and financial markets may once again experience turbulence
The Federal Reserve will publish the Beige Book on the state of the economy, from which the market will obtain information on the state of the US economy at the end of the first quarter. Meanwhile, many Federal Reserve officials will continue to deliver regular speeches, and statements about economic prospects and policy paths will become the focus of the market.
Announcement Highlights: Xiaomi Q4's adjusted net profit increased 236.1% year on year; Xiaopeng Motor Q4's adjusted net loss decreased by 19.9% year on year
Li Ning's revenue in 2023 was 27.598 billion yuan, an increase of 7.0%; China Unicom's profit due to equity holders in 2023 was 18.7 billion yuan, an increase of 11.8% over the previous year.
Hong Kong Market Overview | Hang Seng Tech closed up 0.14%, surging more than 14% this month; semiconductor stocks and auto stocks generally rose, SMIC rose nearly 6%, and Xiaopeng Motor rose nearly 3%
Domestic housing stocks and property management stocks generally fell, and China's overseas development fell nearly 2%; most pharmaceutical stocks rose; Lai Kai Pharmaceuticals rose nearly 43%, Genting Xinyao rose nearly 12%, and Pharmaceutical Biotech rose more than 3%; catering stocks were popular; Haidilao rose more than 3%; and Yum China rose nearly 2%.
Intraday Overview | Hong Kong stocks weakened, the technical index fell more than 3%; domestic housing stocks and property management stocks fell, and Yuexiu Real Estate fell more than 6%
Technology Network stocks collectively weakened, with Kuaishou and Jingdong falling more than 3%, Tencent, Xiaomi, and Meituan falling more than 2%, and Baidu and Ali falling more than 1%; auto stocks generally fell; BYD shares fell nearly 6%, Geely Auto fell more than 3%, Zero Sports Auto fell nearly 2%, Great Wall Motor and Ideal Auto fell by more than 1%, and NIO fell nearly 1%.
A crazy price? With a production capacity of over 5 million tons this year, the paper supply peak suddenly reached |Industry Watch
Finance Association, January 11 (Reporter Luo Yichen) Expectations of a recovery in demand have repeatedly failed, forcing the market to re-examine supply-side pressure in the paper industry.
Selected announcements | Cathay Pacific: The number of passengers carried in November more than tripled year-on-year; Baiyunshan's Guangzhou Pharmaceutical Fund invests in venture capital funds
China Resources Power: The subsidiary power plant sold 16.5.769 million megawatt-hours in November, an increase of 13.9% over the previous year; Tencent Holdings spent HK$401 million to repurchase 1.29 million shares on December 19.
Selected Announcements | Oriental Selection: Yu Minhong appointed as CEO and Sun Dongxu removed as CEO; Shang Tang: Founder Tang Xiaoou passed away due to illness
China Coal Energy: Commercial coal sales in November were 23.16 million tons, up 21.7% year on year; CRRC: CRRC Capital plans 900 million yuan to participate in the Huayi Hi-Tech Traffic Control Industry Chain Investment Fund partnership; Air China: November passenger turnover rose 348.6% year on year, down 10.7% month on month.
Selected Announcements | China Evergrande Plans to Sell Shanghai's North Bund Project for 663 Million Yuan; Hanson Pharmaceuticals' Three Innovative Drugs Are Included in the New National Health Insurance Catalogue
China Eastern Airlines Co., Ltd. plans to increase the capital of Sichuan Airlines Co., Ltd. by 1.2 billion yuan; Minimally Invasive Medicine: Heart Health Technology plans to allocate a total of 107.481 million new A shares, with a net raise of 1,809 million yuan; China Antibody plans to discount about 18.35% to issue 56.83447 million shares, with a net raise of HK$73.182 million.
Selected Announcements | Sinopec Oil Service: Wholly-owned subsidiary won the bid for a project of about 1.4 billion yuan; contract sales of Shenzhen Holdings increased 117.2% year-on-year during the year
Yuanda Pharmaceutical: Affiliated to sign an equity investment agreement with Doptai Pharmaceutical to acquire 27% of the latter's shares for no more than 190 million yuan; Jianye Real Estate: January-November contract sales of 13.6 billion yuan, a decrease of 37.6% over the previous year; Luye Pharmaceutical: the innovative drug rubitidine was approved for listing in Hong Kong, China.
Selected Announcements|BYD's sales volume of new energy vehicles increased 31% year-on-year in November; Ideal Auto completed its annual sales target ahead of schedule
Xiaopeng Motor: delivered 20,000 new vehicles in November, up 245% year on year; NIO: delivered 15,959 vehicles in November, up 12.6% year on year; Huahong Semiconductor: Huahong Semiconductor: Wholly-owned subsidiary Huahong Hongli and Hualiwei signed a “Technology Development Agreement”.
IWS: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023
Hong Kong market quick review | Hong Kong stocks closed slightly higher, domestic housing stocks fluctuated and declined, Sunac China fell nearly 8%; coal stocks strengthened, and Yankuang Energy rose more than 6%
Most science and technology stocks rose, with NetEase rising more than 2%; auto stocks generally fell, with Xiaopeng falling more than 3%; petroleum stocks strengthened, with CNPC and CNOOC rising more than 2%; gold stocks had the highest gains, with Zhaojin Mining up nearly 5% and Zijin Mining up nearly 4%.
Selected Announcements | NIO Clarifies Media Speculations: No Funding Activities to Be Reported; Ganfeng Lithium Plans to Invest in Ritz Electric under Celis for RMB 1 billion
Nine Dragons Paper: Annual revenue decreased by about 12.1% to $56.739 billion; Tencent Holdings: On September 25, it spent HK$401 million to repurchase 1.31 million shares.
Selected Announcements | Alibaba: Continuing to implement Alibaba Cloud's spin-off listing plan; GAC Group's NEV sales increased by more than 62% year-on-year in August
Alibaba announced the change of Chairman and CEO of Alibaba Cloud Intelligence Group; Baolong Real Estate: Contract sales in August were 2,067 billion yuan, down 23.7% from the previous year; Junshi Biotech plans to use the joint venture as a financing platform to introduce external funding to accelerate research and development of research projects in the field of cancer treatment.
Lee & Man Paper Manufacturing Goes Ex-dividend Tomorrow
Express News | The Hong Kong stock paper sector generally rose, Liwen Paper rose more than 7%, Jiulong Paper rose more than 6%, and Chenming Paper rose more than 3%.