HK Stock Market Move | LEE & MAN PAPER (02314) rises by over 3% again, with a cumulative increase of over 30% since the beginning of the year. It is expected that last year's profit will increase by 47% compared to the previous year.
Lee & Man Paper (02314) rose more than 3% again, with a cumulative increase of over 30% since the beginning of the year. As of the time of writing, it rose by 3.51%, closing at HK$3.83, with a turnover of HK$53.62 million.
Lee & Man Paper (02314) has risen by over 3%, with a cumulative increase of over 30% since the beginning of the year. As of the time of publication, it has risen by 3.51% to 3.83 Hong Kong dollars, with a trading volume of 53.6282 million Hong Kong dollars.
On the news front, Lee & Man Paper recently announced that it expects to achieve a profit of about 1.88 billion Hong Kong dollars to 2 billion Hong Kong dollars by 2025, an increase of 38% to 47% compared to the previous year. This profit growth is mainly due to the increase in the group's profit margins. Citibank's previous research report raised Lee & Man Paper's investment rating from "sell" to "buy" and raised the target price by 75% from 2.4 Hong Kong dollars to 4.2 Hong Kong dollars. This adjustment is primarily based on the judgment that the profit cycle of the paper industry has reached its lowest point and is gradually improving.
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RUISEN LIFE SER (01922) has obtained the main shareholder, Silver Huang, to sell 67.1355 million shares of the company's stock and will continue to be suspended from trading.
IH Retail (01373) spent HKD 106,400 to repurchase 150,000 shares on February 6th.
On February 5th, MNSO (09896) spent $244,700 to repurchase 51,300 shares.
