Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Ronald Chan was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Mar 10
Lee & Man Paper Manufacturing Limited, Annual General Meeting, Apr 29, 2026 Lee & Man Paper Manufacturing Limited, Annual General Meeting, Apr 29, 2026. Duyuru • Feb 26
Lee & Man Paper Manufacturing Limited to Report Fiscal Year 2025 Final Results on Mar 10, 2026 Lee & Man Paper Manufacturing Limited announced that they will report fiscal year 2025 final results on Mar 10, 2026 Duyuru • Jul 28
Lee & Man Paper Manufacturing Limited to Report First Half, 2025 Results on Aug 07, 2025 Lee & Man Paper Manufacturing Limited announced that they will report first half, 2025 results on Aug 07, 2025 Duyuru • Mar 06
Lee & Man Paper Manufacturing Limited, Annual General Meeting, May 08, 2025 Lee & Man Paper Manufacturing Limited, Annual General Meeting, May 08, 2025. Duyuru • Feb 24
Lee & Man Paper Manufacturing Limited to Report Fiscal Year 2024 Final Results on Mar 06, 2025 Lee & Man Paper Manufacturing Limited announced that they will report fiscal year 2024 final results on Mar 06, 2025 Buy Or Sell Opportunity • Sep 20
Now 21% overvalued Over the last 90 days, the stock has fallen 20% to €0.20. The fair value is estimated to be €0.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Earnings per share has declined by 51%. Revenue is forecast to grow by 7.2% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Buy Or Sell Opportunity • Aug 26
Now 23% overvalued Over the last 90 days, the stock has fallen 18% to €0.21. The fair value is estimated to be €0.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Earnings per share has declined by 51%. Revenue is forecast to grow by 7.2% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Reported Earnings • Aug 05
First half 2024 earnings released: EPS: HK$0.18 (vs HK$0.071 in 1H 2023) First half 2024 results: EPS: HK$0.18 (up from HK$0.071 in 1H 2023). Revenue: HK$12.5b (up 2.4% from 1H 2023). Net income: HK$760.2m (up 147% from 1H 2023). Profit margin: 6.1% (up from 2.5% in 1H 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 04
First half dividend of HK$0.062 announced Shareholders will receive a dividend of HK$0.062. Ex-date: 14th August 2024 Payment date: 5th September 2024 Dividend yield will be 30%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Aug 01
Lee & Man Paper Manufacturing Limited declares Interim Dividend Declared for the Six Months Ended 30 June 2024 Lee & Man Paper Manufacturing Limited declared interim dividend of HKD 0.062 per share for Six Months Ended 30 June 2024. Ex-dividend date is 14 August 2024. Record date is 21 August 2024. Payment date is 05 September 2024. Duyuru • Jul 13
Lee & Man Paper Manufacturing Limited to Report First Half, 2024 Results on Aug 01, 2024 Lee & Man Paper Manufacturing Limited announced that they will report first half, 2024 results on Aug 01, 2024 Buy Or Sell Opportunity • Jul 12
Now 35% overvalued after recent price rise Over the last 90 days, the stock has risen 6.4% to €0.27. The fair value is estimated to be €0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Apr 11
Full year 2023 earnings released: EPS: HK$0.24 (vs HK$0.28 in FY 2022) Full year 2023 results: EPS: HK$0.24 (down from HK$0.28 in FY 2022). Revenue: HK$24.9b (down 14% from FY 2022). Net income: HK$1.05b (down 11% from FY 2022). Profit margin: 4.2% (up from 4.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: HK$0.24 (vs HK$0.28 in FY 2022) Full year 2023 results: EPS: HK$0.24 (down from HK$0.28 in FY 2022). Revenue: HK$24.9b (down 14% from FY 2022). Net income: HK$1.15b (down 2.8% from FY 2022). Profit margin: 4.6% (up from 4.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Duyuru • Mar 09
Lee & Man Paper Manufacturing Limited, Annual General Meeting, May 09, 2024 Lee & Man Paper Manufacturing Limited, Annual General Meeting, May 09, 2024. Duyuru • Mar 08
Lee & Man Paper Manufacturing Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 05 June 2024 Lee & Man Paper Manufacturing Limited proposed Final dividend of HKD 0.061 per share for the year ended 31 December 2023, payable on 05 June 2024. Record date is on 21 May 2024. Ex-dividend date is on 13 May 2024. Date of shareholders' approval: 09 May 2024. Duyuru • Feb 27
Lee & Man Paper Manufacturing Limited to Report Fiscal Year 2023 Final Results on Mar 08, 2024 Lee & Man Paper Manufacturing Limited announced that they will report fiscal year 2023 final results on Mar 08, 2024 New Risk • Nov 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.7% net profit margin). Reported Earnings • Aug 06
First half 2023 earnings released: EPS: HK$0.071 (vs HK$0.18 in 1H 2022) First half 2023 results: EPS: HK$0.071 (down from HK$0.18 in 1H 2022). Revenue: HK$12.2b (down 20% from 1H 2022). Net income: HK$307.9m (down 61% from 1H 2022). Profit margin: 2.5% (down from 5.2% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 04
Upcoming dividend of HK$0.025 per share at 3.9% yield Eligible shareholders must have bought the stock before 11 August 2023. Payment date: 05 September 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.8%). Duyuru • Aug 03
Lee & Man Paper Manufacturing Limited Announces Executive Changes Lee & Man Paper Manufacturing Limited announced that with effect from 2 August 2023, Mr. Wong Kai Tung Tony has resigned as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Mr. Peter A. Davies has resigned as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Ms. Lo Wing Sze BBS, JP has been appointed as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Mr. Chan Wai Yan Ronald has been appointed as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Ms. Lo Wing Sze BBS, JP, aged 51, holds a Bachelor of Economics Degree from the University of Sydney and a Master of Commerce in Finance Degree from the University of New South Wales in Australia. She is a member of the Hong Kong Institute of Certified Public Accountants and a fellow member of CPA Australia. She is the general manager and financial director of Million Tour Limited and the founder and financial director of M1 Hotel Group. Ms. Lo has been appointed as a member of the Chief Executive's Policy Unit Social Development Expert Group from 30 May 2023. Ms. Lo was appointed as a Justice of the Peace in 2017 and awarded the Bronze Bauhinia Star in 2020 by the Hong Kong Special Administrative Region ("HKSAR") Government. She is a member of the Election Committee 2021 (The Fourth Sector) of the HKSAR and was a member of the Election Committee for the Fifth Government of the HKSAR (Tourism Subsector). Ms. Lo is a member of the Social Workers Registration Board, the Advisory Committee on Post-office Employment for Former Chief Executives and Politically Appointed Officials, the Advisory Committee on Admission of Quality Migrants and Professionals and the District Fire Safety Committee (Wan Chai District). She is also an Honorary Court Member of the Lingnan University. Mr. Chan Wai Yan Ronald, aged 43, obtained a Bachelor of Science degree in finance and accounting from the Leonard N. Stern School of Business at New York University in the United States in May 2002. Mr. Chan founded Chartwell Capital Limited, an investment management company, in October 2007 and is currently the chief investment officer. He has been its responsible officer for Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO since November 2008 and February 2008, respectively. From July 2016 to July 2022, he served as a member of the Listing Committee of the Main Board and GEM of The Stock Exchange of Hong Kong Limited. Mr. Chan is an independent non-executive director of Powerlong Commercial Management Holdings Limited (Hong Kong Stock Code: 9909) since December 2019 and an independent non-executive director of Hong Kong Ferry (Holdings) Company Limited since 20 March 2023. From December 2017 to December 2021, Mr. Chan was an independent non-executive director of Wine's Link International Holdings Limited. New Risk • Aug 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.6% net profit margin). Duyuru • Aug 02
Lee & Man Paper Manufacturing Limited Declares Interim Dividend for the Six Months Ended 30 June 2023, Payable on September 5, 2023 Lee & Man Paper Manufacturing Limited declared interim dividend of HKD 0.025 per share for Six Months Ended 30 June 2023. Ex-dividend date is 11 August 2023. Record date is 18 August 2023. Payment date is 05 September 2023. Duyuru • Jul 15
Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023 Lee & Man Paper Manufacturing Limited provided earnings guidance for the six months ended 30 June 2023. Based on the preliminary review of the management accounts of the Group, the profit for the period of the Company for the six months ended 30 June 2023 is expected to decrease by approximately 58% as compared to the six months ended 30 June 2022 (the "Corresponding Period") due to a decrease in profit margin of the Group. Upcoming Dividend • May 04
Upcoming dividend of HK$0.033 per share at 3.1% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.6%). Reported Earnings • Apr 06
Full year 2022 earnings released Full year 2022 results: EPS: HK$0.28. Revenue: HK$29.2b (down 10% from FY 2021). Net income: HK$1.19b (down 62% from FY 2021). Profit margin: 4.1% (down from 9.6% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Buying Opportunity • Mar 08
Now 24% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be €0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: HK$0.28 (vs HK$0.72 in FY 2021) Full year 2022 results: EPS: HK$0.28 (down from HK$0.72 in FY 2021). Revenue: HK$29.2b (down 10% from FY 2021). Net income: HK$1.32b (down 58% from FY 2021). Profit margin: 4.5% (down from 9.6% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 19% per year. Duyuru • Feb 18
Lee & Man Paper Manufacturing Limited to Report Fiscal Year 2022 Final Results on Mar 01, 2023 Lee & Man Paper Manufacturing Limited announced that they will report fiscal year 2022 final results on Mar 01, 2023 Duyuru • Feb 14
Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Year Ended 31 December 2022 Lee & Man Paper Manufacturing Limited provided earnings guidance for the year ended 31 December 2022. For the year, the profit is expected to decrease by approximately 60% as compared to the year ended 31 December 2021 due to a decrease in profit margin of the Group. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director David Chau was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 14
Insider recently bought €434k worth of stock On the 7th of September, Wan Lee bought around 1m shares on-market at roughly €0.35 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €10m more in shares than they have sold in the last 12 months. Upcoming Dividend • Aug 12
Upcoming dividend of HK$0.065 per share Eligible shareholders must have bought the stock before 19 August 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 8.2%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.6%). Duyuru • Aug 09
Lee & Man Paper Manufacturing Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 6 September 2022 Lee & Man Paper Manufacturing Limited announced interim dividend for six months ended 30 June 2022 of HKD 0.065 per share. The dividend is payable on 6 September 2022 with record date of 26 August 2022 and ex-dividend date of 19 August 2022. Reported Earnings • Aug 09
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$1.94b from profit in 1H 2021). Profit margin: (down from 13% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.7%, compared to a 2.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year. Duyuru • Jul 28
Lee & Man Paper Manufacturing Limited to Report First Half, 2022 Results on Aug 08, 2022 Lee & Man Paper Manufacturing Limited announced that they will report first half, 2022 results on Aug 08, 2022 Duyuru • Jul 26
Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022 The board of directors of the Lee & Man Paper Manufacturing Limited announced that, based on the preliminary review of the management accounts of the Group, the profit attributable to ordinary shareholders of the Company for the six months ended 30 June 2022 is expected to decrease by approximately 59% as compared to the six months ended 30 June 2021 due to a decrease in profit margin of the Group. Recent Insider Transactions • May 11
Insider recently bought €597k worth of stock On the 6th of May, Wan Lee bought around 1m shares on-market at roughly €0.43 per share. In the last 3 months, they made an even bigger purchase worth €937k. Insiders have collectively bought €9.3m more in shares than they have sold in the last 12 months. Upcoming Dividend • May 09
Upcoming dividend of HK$0.11 per share Eligible shareholders must have bought the stock before 16 May 2022. Payment date: 02 June 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (3.2%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director David Chau was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 08
Full year 2021 earnings released: EPS: HK$0.72 (vs HK$0.81 in FY 2020) Full year 2021 results: EPS: HK$0.72 (down from HK$0.81 in FY 2020). Revenue: HK$32.5b (up 26% from FY 2020). Net income: HK$3.12b (down 11% from FY 2020). Profit margin: 9.6% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.6%, compared to a 4.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 08
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: HK$0.72 (down from HK$0.81 in FY 2020). Revenue: HK$32.5b (up 26% from FY 2020). Net income: HK$3.25b (down 7.7% from FY 2020). Profit margin: 10.0% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to stay flat compared to a 3.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Recent Insider Transactions • Dec 14
Insider recently bought €2.3m worth of stock On the 13th of December, Wan Lee bought around 4m shares on-market at roughly €0.63 per share. In the last 3 months, they made an even bigger purchase worth €2.5m. Insiders have collectively bought €4.8m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 03
Insider recently bought €2.5m worth of stock On the 2nd of December, Wan Lee bought around 4m shares on-market at roughly €0.63 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Aug 10
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 17 August 2021. Payment date: 03 September 2021. Trailing yield: 4.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 05
First half 2021 earnings released: EPS HK$0.45 (vs HK$0.31 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: HK$15.2b (up 37% from 1H 2020). Net income: HK$1.94b (up 45% from 1H 2020). Profit margin: 13% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 28
Upcoming dividend of HK$0.18 per share Eligible shareholders must have bought the stock before 04 May 2021. Payment date: 26 May 2021. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.6%). Reported Earnings • Mar 27
Full year 2020 earnings released: EPS HK$0.81 (vs HK$0.74 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: HK$25.9b (down 4.7% from FY 2019). Net income: HK$3.52b (up 8.9% from FY 2019). Profit margin: 14% (up from 12% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 05
Full year 2020 earnings released: EPS HK$0.81 (vs HK$0.74 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: HK$25.9b (down 4.7% from FY 2019). Net income: HK$3.52b (up 8.9% from FY 2019). Profit margin: 14% (up from 12% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue misses expectations Revenue missed analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 17%, compared to a 1.5% growth forecast for the Forestry industry in Germany. Duyuru • Mar 03
Lee and Man Paper Manufacturing Limited, Annual General Meeting, Apr 30, 2021 Lee and Man Paper Manufacturing Limited, Annual General Meeting, Apr 30, 2021. Agenda: To consider final dividend. Is New 90 Day High Low • Feb 20
New 90-day high: €0.87 The company is up 38% from its price of €0.63 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.76 per share. Duyuru • Feb 06
Lee and Man Paper Manufacturing Limited to Report Fiscal Year 2020 Results on Mar 02, 2021 Lee and Man Paper Manufacturing Limited announced that they will report fiscal year 2020 results on Mar 02, 2021 Is New 90 Day High Low • Feb 02
New 90-day high: €0.73 The company is up 11% from its price of €0.66 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.80 per share. Is New 90 Day High Low • Nov 07
New 90-day high: €0.66 The company is up 26% from its price of €0.53 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.94 per share. Duyuru • Jul 18
Lee and Man Paper Manufacturing Limited to Report First Half, 2020 Results on Aug 04, 2020 Lee and Man Paper Manufacturing Limited announced that they will report first half, 2020 results on Aug 04, 2020 
