[ET Net News Agency, 26 September 2025] Daiwa raised the target price for ND Paper
(02689) to HKD5.7 from HKD5 and maintained the "hold" rating.
The research house said it lifts FY26-27E EPS by 22-37% to factor in the
better-than-expected cost benefits from in-house pulp capacity growth. (rc)