2689.HK : Summary for ND PAPER - Yahoo Finance

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ND PAPER (2689.HK)

HKSE - HKSE Delayed Price. Currency in HKD
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7.37+0.07 (+0.96%)
At close: 3:09 AM EST
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Previous Close7.30
Bid7.36 x
Ask7.37 x
Day's Range7.24 - 7.42
52 Week Range3.77 - 7.64
Avg. Volume11,070,525
Market Cap34.41B
PE Ratio (TTM)26.40
Earnings DateN/A
Dividend & Yield0.02 (1.97%)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters29 days ago

    China's packaging makers see profits squeezed as e-commerce boom draws new competitors

    Chinese packaging makers are bracing themselves for Singles' Day on Friday, stocking up on cardboard and taking on staff ahead of an online shopping bonanza that shifts more goods than Black Friday and Cyber Monday in the United States combined. Sun Jingyun, owner of Kunshan Jiaze Packaging in eastern Jiangsu, has added a third extra staff since early October to meet a threefold jump in demand ahead of a day of discounts led by internet retailer Alibaba Group Holding Ltd. More packagers have emerged in answer to China's e-commerce boom which began around 2010, squeezing profit margins as the cost of cardboard and tape rises while output prices fall.

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