SEHK:2314Forestry
Lee & Man Paper Manufacturing (SEHK:2314) Stock Re Rated By Sharper Margins
Lee & Man Paper Manufacturing stock has quietly delivered a strong few months, with the share price up about 32% over 90 days, yet today’s H1 2026 earnings remind you why the market has been willing to re-rate it. The headline is profit quality. Net income excluding extra items came in at HK$1,373.0m on revenue of HK$14,841.9m, and trailing 12‑month net profit margin sits at 8.6%, compared with 5.3% a year ago. For a cyclical paper producer, that kind of margin rebuild is what really moves...