Nine Dragons Paper (SEHK:2689) has updated its one-year price target to HK$8.97 per share, a 12.55% increase from the previous estimate of HK$7.97 on February 21, 2026. This target reflects an average of various analyst projections, ranging from a low of HK$4.34 to a high of HK$12.60 per share. The new target represents a 28.63% increase from the last closing price of HK$6.97 per share.
The company maintains a dividend yield of 7.28%, with a payout ratio of 0.67, indicating that the firm is distributing 67% of its income as dividends. Recent reports show a significant decline in institutional ownership, with only one fund currently reporting positions in Nine Dragons Paper, down 97.73% from the previous quarter. Institutional shares have decreased by 99.85% to 207,000 shares.
