According to Zhito Finance APP, ND PAPER (02689) rose over 7% in early trading. As of this writing, it has increased by 5.17%, priced at 3.46 HKD, with a transaction volume of 26.6942 million HKD.

On the news front, according to media reports, ND PAPER has recently issued price increase notices from its bases in Tianjin, Chongqing, Hebei, Quanzhou, and others, with price increases ranging from 30 to 80 yuan per ton. It is not only ND PAPER; several major domestic paper companies, such as Shanying International Holdings and LEE & MAN PAPER, have also carried out multiple rounds of price increases recently, and the upward trend is still present.

In addition, Citigroup issued a Research Report stating that it maintains its profitability forecast for ND PAPER and has lowered the Target Price from 4.3 HKD to 3.7 HKD, as it believes the opportunity for profit improvement is limited under the current environment. The bank expects that the four major paper companies in mainland China will continue to expand production capacity despite low profitability, as companies are more likely to obtain permits in various provinces or cities in China.