2314.HK : Summary for LEE & MAN PAPER - Yahoo Finance

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Lee & Man Paper Manufacturing Limited (2314.HK)

HKSE - HKSE Delayed Price. Currency in HKD
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5.80-0.20 (-3.33%)
At close: 3:09 AM EST
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Previous Close6.00
Bid5.80 x
Ask5.81 x
Day's Range5.75 - 5.93
52 Week Range3.90 - 7.32
Avg. Volume8,604,454
Market Cap26.43B
PE Ratio (TTM)11.50
Earnings DateN/A
Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters9 months ago

    As China's consumers tighten belts, retailers cut jobs, offer discounts

    SHANGHAI/HONG KONG, March 16 (Reuters) - Retailers in China are shedding staff, slowing expansion plans and seeing stocks pile up in warehouses as shoppers tighten their belts - a major headache for a country that has pinned its hopes on consumers to drive economic growth. With that growth running at its slowest in a quarter of a century, China's consumption patterns are changing, with wealthy middle-class households trading down from up-market to more affordable brands, and poorer families paring back on even basic purchases. China's top 50 retailers saw sales fall 6 percent at the start of the year, and sales of basic goods from noodles to detergent grew just 1.8 percent at the end of last year, down from over 9 percent just three years ago, according to Kantar Worldpanel data.

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