Nine Dragons Paper hits 4-year peak on robust earnings forecast

Nine Dragons Paper (Holdings)

29/01/2026 03:57

** Nine Dragons Paper (Holdings) shares 2689.HK jump 16% to HK$8.65, their highest level since January 2022, extending 3-day rally

** Paper producer expects net profit for 6 months ended in December to soar 216%-230.7% y/y to 2.15-2.25 bln yuan ($309.5-$323.9 mln)

** Cites increase in sales volume, selling prices and lower in raw materials cost for strong performance

** YTD, stock up 37.2%, Hang Seng Commerce & Industry Index .HSNC up 8.4%

($1 = 6.9473 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))