Lee & Man Paper 2314

Re: Lee & Man Paper 2314

Postby kennynah » Tue Jul 21, 2009 2:08 pm

too bad...only if this was listed in sgx... confirm multibagger...
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Re: Lee & Man Paper 2314

Postby winston » Wed Sep 29, 2010 3:08 pm

Not vested Up 12%!

DJ MARKET TALK: JPM Raises Lee & Man Paper Target To HK$11.00

1243 [Dow Jones] STOCK CALL: JPMorgan raises Lee & Man Paper's (2314.HK) target price to HK$11.00 from HK$10.50 after revising down FY11 net profit forecast by 6.3% but lifting FY12 net profit forecast by 4.8%.

Says company announced its plans to add two production lines in Jiangxi province with total capacity of 900,000 tons per year (around 18% of current capacity).

Adds, company also looking at expanding into new northern base.

"Therefore, volume CAGR of company from FY10-14 is now in high teens as compared to around 10% previously, similar growth rate to larger rival Nine Dragon Paper."

Says key risk to target is rise in cost of raw materials. Keeps Overweight call. Stock last +10.3% at HK$6.33.

Source: Dow Jones Newswire
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Re: Lee & Man Paper 2314

Postby winston » Mon Nov 08, 2010 2:11 pm

Not vested

FINANCIAL HIGHLIGHTS

– Revenue increased by 36.3% to HK$6,899 million as compared to the last
corresponding period.

– Net profit increased by 2.8% to HK$839 million as compared to the last
corresponding period.

– Earnings per share increased by 2.7% to HK18.44 cents as compared to the last
corresponding period.

– Declared interim dividend of HK6.0 cents per share.

http://www.hkexnews.hk/listedco/listcon ... 108149.pdf
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Re: Lee & Man Paper 2314

Postby winston » Mon Nov 08, 2010 3:56 pm

Not vested

DJ MARKET TALK: Lee & Man Paper Off 5.3% Post-1H

1530 [Dow Jones] Lee & Man Paper (2314.HK) tumbles 5.3% to HK$6.64 vs HK$7.25 midday, after reports net profit for fiscal 1H ending Sept. 30 +3% on-year at HK$839 million, making up 39.9% of full-year earning forecast of HK$2.10 billion pegged by Thomson Reuters.

Still, shares may not slide too much further from here, with stock trading at 18X annualized forward earnings, at slight discount vs Nine Dragons Paper's (2689.HK) 19X. Future earnings set to improve on capacity expansion;

LMP says to meet rising market demand, plans to start operation of 3 new production lines in Chongqing, Dongguan in 2011 with total annual design production capacity of 1.5 million tons.

Leveraging 12% stakeholder Nippon Paper's (3893.TO) experience, company will dedicate one of new production lines to high-end coated duplex board, marking breakthrough in new product development.


Source: Dow Jones Newswire
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Re: Lee & Man Paper 2314

Postby winston » Fri Sep 30, 2011 3:00 pm

not vested

DJ MARKET TALK: Citi Cuts Lee & Man Paper Tgt To HK$2.4 Vs HK$3.1

1435 [Dow Jones] STOCK CALL: Citigroup cuts Lee & Man Paper's (2314.HK) target price to HK$2.40 from HK$3.10 and keeps the stock at Sell.

It says key takeaways from the conference call with management are: virtually no volume growth in 1H12 so that the company will post 1H12 earnings decline on year (due in November) after record-high earnings in FY11;

Unlike bigger rival Nine Dragons Paper (2689.HK), Lee & Man has lower contributions from higher-margin products to lift margins; but good thing is LMP should incur lower bills discount charge compared with NDP.

Overall, Citi trims LMP's FY12-FY14 earnings forecasts by 4.0% on weaker pricing amid continued de-stocking among customers. LMP is flat at HK$2.64.

Source: Dow Jones Newswire
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Re: Lee & Man Paper 2314

Postby winston » Thu Dec 22, 2011 12:11 pm

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Lee & Man Paper Manufacturing Ltd expects its production capacity and sales to grow 30 to 40 percent in the coming two years, said executive director Raymond Lee.

Source: WEN WEI PO
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Re: Lee & Man Paper 2314

Postby winston » Thu Feb 09, 2012 2:34 pm

not vested

DJ MARKET TALK: JPM Cuts Lee & Man Paper Target; Too Early To Buy

1327 [Dow Jones] STOCK CALL: JPMorgan lowers Lee & Man Paper's (2314.HK) target price to HK$3.50 from HK$3.70 on lower earnings forecasts and keeps the stock at Neutral.

It says LMP shares are up about 50% since reaching its 2011 low on Sep. 26, and believes the rapid rise is due to improving credit for LMP's SME customers and general improvement in sentiment towards industrial small- and mid-caps in China.

Still, Citi says that trends in containerboard and input prices indicate that pricing power is still weak in this industry, and it expects a gradual recovery in 2012 but now is "probably 12 months too early" to look for an improvement in pricing power or for LMP to significantly increase the profit.

Lee & Man Paper is up 2.3% at HK$3.63 at midday.

Source: Dow Jones Newswire
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Re: Lee & Man Paper 2314

Postby Atlas » Tue Mar 13, 2012 4:27 pm

Well done! And he still has plenty to dump... :mrgreen:

LEE & MAN PAPER (02314) chairman decreases stakes, cashing in $90 mln
2012-03-09 16:23:20


According to the Stock Exchange, LEE & MAN PAPER (02314)'s chairman Lee Wan Keung Patrick decreased stakes of 22.214 mln shares in the company on three occasions during 5-7 March at an average price of $4.006-4.242 apiece, cashing in $91.54 mln. His shareholding declined to 54.45%.

The stock lost 4% against market uptrend to $3.96 on trading volume of 27.63 mln shares. (y)



AAStocks Financial News



Chairman decreases stake in LEE & MAN PAPER (02314) again, realizing more than $50M
2012-03-12 16:49:53


According to HKEX, LEE & MAN PAPER (02314)'s chairman Lee Wan Keung, after realizing more than HKD90 mln by decreasing stake on 5-7 March, further decreased 12.5 mln shares in the company on 8 March at an average price of HKD4.102 per share, realizing about HKD51.27 mln; Lee's latest shareholding has been further cut to 54.18%.

The shares, following a 4% plunge against the uptrend last trading day, further tumbled 4.8% today, closing at HKD3.77. (t)


AAStocks Financial News



Chairman further disposes of LEE & MAN PAPER (02314) shrs, cashing in over HK$15M
2012-03-13 10:55:02


According to the information disclosed by Hong Kong Stock Exchange, Patrick Lee, chairman of LEE & MAN PAPER (02314), disposed of 3.84 mln LEE & MAN PAPER shares at an average price of HK$3.953 per share on 9 March, cashing in around HK$15.18 mln. Lee had sold certain amount of LEE & MAN PAPER shares earlier already. His holdings in the stock now decreases to 54.1%.

Li had disposed of a total of more than 34.7 mln LEE & MAN PAPER shares on 4 occasions from 5 March - 8 March, cashing in over HK$140 mln.

The stock slipped for three straight days bucking uptrend, last at HK$3.73. (k)


AAStocks Financial News
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Re: Lee & Man Paper 2314

Postby Atlas » Wed Mar 14, 2012 9:57 am

Would you buy at 3.90 (as just happened) if you knew the chairman sold millions of shares at 3.95 just a few days ago ?
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Re: Lee & Man Paper 2314

Postby hoco27 » Wed Mar 14, 2012 1:51 pm

Buy 2689 instead, even when numbers are not good. Owner is still buying. Technically though its a very hard trade with extreme shakeouts.
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