花旗:料紙價第二季保持上行 籲買入玖龍紙業(2689.HK)
花旗發表研究報告指,因消費情況改善,預計紙價將在第二季保持上行,看好玖龍紙業(2689.HK)更高的盈利彈性。該行給予玖紙“買入”評級,目標價12港元。另外,該行又維持理文造紙(2314.HK)賣出評級,目標價5.5港元,主要因薄紙利潤率持續承壓。
花旗指,根據中國再生紙網的數據,自3月30日以來,國內廢瓦楞紙價格累計每噸上漲300至400元,儘管自3月底以來複蘇步伐緩慢,但國內消費有所改善,令價格再次飆升。
該行指,玖龍紙業和理文造紙2月股價表現最差因交易量低及盈利下降,但3月均已得到改善。

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