港股異動 | 紙業股普漲 理文造紙(2314.HK)升近3%領漲
格隆匯12月13日丨紙業股普漲,理文造紙(2314.HK)升近3%領漲,玖龍紙業(2689.HK)漲逾2%,晨鳴紙業跟漲。中美貿易形勢向好,離岸人民幣兑美元走強,目前已升破6.95,創今年8月以來新高。由於中國的龍頭造紙企業使用的紙漿及廢紙有一半來自於海外,人民幣升值,進口紙漿和廢紙等原料價格將顯著下降,利好紙業股。此外,年關將至,紙價漲勢迅猛;玖龍和理文也公佈了春節停機計劃。中泰證券認為,當下時點紙週期類似16年年底造紙週期開啟邏輯,各大紙種庫存均處於低位。目前成品文化紙價格已經企穩,而上游木漿價格較年初顯著下跌,企業噸盈水平明顯回升。2020年廢紙進口預計進一步大幅縮減,原材料來源稀缺性可能導致廢紙和成品紙價格上漲,關注龍頭企業收入與盈利能力改善。
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