Citibank: Nine paper gross profit growth model will continue to rise in the target price to 9.6 yuan a thousand thousand shares hot column capital flows on stock diagnosis the latest rating simulated trading client sina finance App: Live on-line blogger to tutor Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future of the way out? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. Citigroup report, nine paper (02689.HK) fiscal year 2016 earnings rose 1.07 times to 2 billion 830 million yuan, compared with the bank and market expectations were higher than 2% and 17%, mainly due to gross margin widened to 18.3% from 15.7%. Debt ratio decreased from 94% to 81%, but after tax exchange rate losses of up to $1 billion 600 million, slightly higher than expected. Citigroup also said that because the relationship between supply and demand as well as better seasonal factors, nine paper kraft paper and corrugated paper raised the average price of 50 yuan per ton. Gross margin improvement in supply due to slower growth in demand growth, tax policy is also one of the reasons, the 2016 fiscal year group tax rebate amounted to 430 million yuan, the equivalent of 14% pre tax profit, the bank believes that this policy is often of policy, and refers to the nine paper calendar year 2016 second half of gross profit will be higher than the first half. Citigroup says nine paper in the MIDCAP are preferred, target price from 9 yuan to 9.6, rating to buy". Enter the Sina financial stocks] discussion