Lee & Man Paper stock trades at HKD 3.31 as profit rises

Published on 10/07/2026 at 06:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lee & Man Paper stock draws a HKD 4.8 target from Citigroup on October 5. First-half net income reached HKD 1.373 billion, up from HKD 811 million.

Lee & Man Paper, KYG5427W1309, Illustration mit AI erstellt.

Lee & Man Paper stock was last at HKD 3.31 on the Hong Kong Stock Exchange on October 7, 2026, down 0.60 percent during the session. The key driver for the stock is a sharp first-half earnings improvement and a higher Citigroup valuation.

First-half profit sets the tone

Lee & Man Paper reported first-half revenue of HKD 14.842 billion and net income of HKD 1.373 billion, compared with HKD 811 million a year earlier, according to DBC on September 9, 2026. That puts the net income increase at 69.3 percent and gives the October trading move a concrete earnings reference.

The company operates across packaging paper, pulp and tissue paper, according to FSM Global. The mix matters because pulp integration can support profitability while paper pricing remains central to the result.

Citigroup raises its valuation

Citigroup raised its Lee & Man Paper price target from HKD 4.3 to HKD 4.8 and kept its Buy rating in a report dated October 5, 2026, as reported by GMT EIGHT. The report cited expected first-half net profit growth of 64 percent to 71 percent and lifted profit forecasts for 2026 through 2028 by 22 percent to 28 percent.

At HKD 3.31, Citigroup's HKD 4.8 target lies 45.0 percent above the stock price. The same report projects a 33 percent profit recovery for 2026 and average annual profit growth of 14 percent from 2026 through 2028, figures that frame the valuation as an earnings-recovery call rather than a pure price-momentum trade.

Stock stays below its yearly high

The October 7 quote places Lee & Man Paper at HKD 3.31, with a day range of HKD 3.27 to HKD 3.33, volume of 601,000 shares and market capitalization of HKD 14.2 billion. The 52-week range is HKD 2.66 to HKD 4.55, leaving the stock 27.3 percent below its yearly high.

For investors, the comparison is straightforward: the latest first-half net income of HKD 1.373 billion is the operating signal, while the HKD 4.8 target is the market's quantified recovery scenario. Lee & Man Paper stock therefore combines a positive earnings comparison with a daily decline of 0.60 percent.