On June 24, Nine Dragons Paper rose 5.3% in regular trading, trading at HK$6.75/share, with turnover of HK$46.73 million. The stock had fallen over 5% in the previous session due to sector weakness, and today's move represents a technical rebound.

On the news front, multiple brokerages recently issued research reports maintaining bullish outlooks. Zheshang Securities, Huatai Securities, Guohai Securities, and Capital Securities all maintained or initiated Buy ratings. The core catalyst is the company's launch of a full US$400 million buyback of its 14% coupon perpetual bonds, expected to save approximately RMB 300 million annually in interest expenses. Management voluntarily waived the 7% premium, demonstrating long-term confidence. Additionally, the company raised corrugated paper and kraft linerboard prices since June. Bank of America noted that industry inventories have declined significantly from April highs, with corrugated paper producer inventory falling to 268,000 tonnes from 393,000 tonnes, suggesting short-term paper prices may continue rising and margins could improve.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)