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Papermaking Print Industry: continued price increases continued to promote the profitable growth of the chain Investment Highlights: Third quarter results validate preliminary view, the chain is expected in the fourth quarter will continue to surge. Three quarters of bond paper, white paperboard, fine paper price increase two were 300 yuan / tonne, 200 yuan / ton, and 100-200 yuan / ton, the leading company mainly single-season earnings third quarter as we expect significant growth in the chain of more than 60% . Dominant species early in October has raised prices of paper, the same rate for the previous two. National Bureau of Statistics data on the relative pre-August before the May data also show that the industry is continuing to warm. 9,10 price increase is expected to make tons of paper monthly gross margin is expected to continue to rise, thereby stimulating substantial growth in the fourth quarter, the chain of more than 50% (fourth quarter last year due to provision for inventory impairment and single-season losses this year, will drastically increase over the previous year). General trend of raw materials: imported pulp price in October was stable imports of waste paper in October EADS were mixed. In September since the RMB against the major pulp producing countries has shown a depreciation of the currency exchange rate trend, the momentum of 10 months has been to contain the second half of the RMB against the major pulp producing countries began to appear a certain degree of currency appreciation. Main brands imported wood pulp price (RMB) monthly price adjustment chain were down by 0.13% recently. Paper in September fell back, in October to resume rally, the U.S. waste, waste in Europe, Japan and the major labels waste paper rose 2.67% month, 4.68% and 5.84%. 2010 mainline annual investment outlook. Boom of this industry by a quarter of continued progress, paper dominant species throughout the year by next quarter of the economy to maintain 34 degrees this year, has enabled the corresponding sub-sector earnings growth of 30%. Next year's main theme was the dominant species of paper products bear expansion. White Card quarter of this year 34 tons of paper based on the gross margin will be at least flat; copper boom during the first half next year, no fear; tons of paper, writing paper margin steadily next year, Offset H Tuen paper margin is expected to be at least maintained. Industry potential risk factors: the international pulp price by supply and demand and exchange rate fluctuations affect the rate of increase difficult to accurately may result in lower than expected gross ton of paper. Sector investment logic, ratings and stock recommendations. First half of the paper industry was the dominant species of the main line investment sales growth and price increases, the second half of the main line was the dominant species of paper price increases next year, the main line was the dominant species of paper capacity expansion, new projects and choose the dominant species of paper and the relative size of expansion than the original major listed companies as investment targets. Performance valuation by next year, the paper industry Paper smoked point recommended Bo, Sun Paper and Chenming Paper. Other light we are still optimistic about Hop Hing Package Long-term growth. (Tencent Finance) Paper Printing gainers continued price increases to promote profitable growth News paper printing plate among the biggest gainers, the first day of landing in the small board and the daily limit of U.S. YG Fujian Nanping Paper driven Eighty per cent of half of the stocks rise, Kane shares, Qingshan Paper and Chenming Paper all rose more than 3%. The third quarter, bond paper, white cardboard, fine paper price increase two were 300 yuan / tonne, 200 yuan / ton, and 100-200 yuan / ton, the major leading companies in the third quarter profit surge more than chain 60%. Dominant species early in October has raised prices of paper, CITIC Securities is expected to make paper 9,10 gross monthly price increase is expected to continue to rise, thereby stimulating substantial growth in the fourth quarter, the chain of more than 50%. But analysts also pointed out that in October the yuan since the second half of the major pulp producing countries currency appreciation to some extent, therefore subject to exchange rate fluctuations may result in lower than expected gross margin risk. I am an expert from electronicswholesalesupplier.com, while we provides the quality product, such as MP5 Music Player Manufacturer , Promotional Computer Accessories Manufacturer, Quran Read Pen,and more.
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