理文造纸(02314.HK)贸易战拖累包装纸需求萎缩25%下半年旺季料有改善
理文造纸(02314.HK)首席执行官李文斌出席业绩发布会时表示,受贸易战影响生意额明显下跌,内地包装纸需求萎缩约25%,认为市场竞争相当激烈,导致供过於求的情况出现,料年内趋势将持续。
他续称由於想维持相应产量,加上无暂停生产线,所以包装纸售价有所下跌,相信下半年踏入中秋节属中国市场旺季,料需求应较上半年有所改善。
他又指出因应中国废纸越来越贵,已在不同地方有投资浆板线供应予内地,倘投产会再作宣布,强调之後成品纸、浆板供应充足,故在原料层面并不担心,反而较担心需求问题。
他又指,现时公司有约42亿元银行结余及现金,并一直有於外国寻找不同收购机会,除纸、浆及厕纸外,亦会寻找其他与行业相关的投资机遇。他强调即使进行收购,派息比率仍可维持30-35%左右。
针对人民币弱势,他认为对公司影响不大,因为公司所持的现金大部分是港元及美元,人民币现金比例相对较少。
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