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牛熊異動 | 玖龍紙業大漲,認購證漲80%
uSMART友信智投 09-23 10:46

玖龍紙業(02689.HK)盤中大漲11%,相關衍生品玖龍麥銀一一購A(20689.HK)漲幅超80%。2020年股東應佔盈利增加7.5%。

小摩發表報告表示,玖龍紙業2020財年盈利優於市場預期,儘管受到公共衛生事件的影響,但銷量同比增長8.5%,撇除外匯因素每噸淨利潤增長3元人民幣。該行指出,該公司指引2021財年度資本開支70億元人民幣,預計將在2021-22財年度支出,而該公司2021財年度並無任何新產能加強,預計需要到2022財年度第二和第三季度,馬來西亞和河北纔會有新產能的出現。該行補充道,相信最近一期內地包裝行業的資本開支週期會在2020年結束,2021年新增產能速度將會大幅減慢,另外由於塑料被禁而導致需求增加的情況下,內地包裝紙毛利率未來將會逐步改善。

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