HK Stock Market Move | ND PAPER(02689) rose by more than 7% with the top ten bases launching the first price increase wave in July. Carton corrugated paper is expected to be the first to emerge from the bottom.

ND PAPER (02689) rose more than 7%, up 7.6% as of press time, at a price of 7.08 Hong Kong dollars with a trading volume of 59.9364 million Hong Kong dollars. On the news front, according to reports from the Paper Industry Network, on June 29th, ND PAPER launched a new round of price increases for pulp, with its ten major production bases in Dongguan, Chongqing, Leshan, Tianjin, Hebei, Taicang, Quanzhou, Hubei, Shenyang, and Beihai raising prices for all series of kraft and corrugated paper at different time periods, with a mainstream price increase of 50 yuan/ton, and some kraft paper categories at the Hubei base seeing an increase of 80 yuan/ton. Shenwan Hongyuan Group believes that the paper industry has HALO asset attributes, with heavy assets, low elimination rates, and long-term value stability; driven by supply policies (anti-forming, dual-control of carbon emissions, etc.), the release of cycle elasticity is expected to accelerate. The bank pointed out that corrugated paperboard is leading the way out of the bottom, with supply and demand trends improving, paper prices are not soft in the off-season, and are expected to continue to rise throughout the year. ND PAPER is recommended (integrated pulp and paper molding, with the balance sheet gradually undergoing repairs, corrugated paperboard having the greatest elasticity). .