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VINDA INT'L (03331.HK) expects paper pulp price to flat in 2H; mid-to-long term PM firms at 30-32% (Correct)
VINDA INT'L (03331.HK)'s Chief Financial Officer Paul Tsang said the widely use of electronic display, has pushed down the demand for paper products and put pressure on paper pulp factory, expecting paper pulp price to hold steady in the second half of 2012 and mid-to-long term profit margin to firm at 30-32%.
Tsang expects inventory turnover days to decline quarterly in the second half of 2012.
Tsang expressed confidence in addressing intensifying industry competition due to the strong brand of the company, adding it has no plan to cut prices.
Chairman Li Chao Wan added the company has advantages in sales network with factories covering a number of provinces, pushing down transportation costs and favouring the development of the company. (y)
(Correct: 2012-08-30 12:31:25 VINDA INT'L (03331.HK) expects paper pulp price to flat in 2H; mid-to-long term PM firms at 30-32%)
Source: AAStocks Financial News