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IT Tech Packaging Inc T.ITP


Primary Symbol: ITP

Forest Products Paper & Paper Products
IT Tech Packaging, Inc., formerly Orient Paper, Inc. is a holding company for the Hebei Baoding Orient Paper Milling Company Limited (Orient Paper HB), a producer and distributor of paper products in China. The Company is engaged in production and distribution of four categories of paper products: corrugating medium paper (CMP), offset printing paper, digital photo paper and tissue paper products. The Company, through Baoding Shengde Paper Co., Ltd. (Orient Paper Shengde), is engaged in production and distribution of digital photo paper. The Company operates through two segments: Orient Paper HB, which produces printing paper and CMP, and Orient Paper Shengde, which produces digital photo paper. CMP is used in the manufacturing of cardboard. The Company has over two corrugating medium paper production lines, including PM6 and PM1. The Company also produces finished tissue paper products that are marketed and sold under the Orient Paper brand.


NYSEAM:ITP - Post by User

IT Tech Packaging Inc
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Comment by Ducksoup000001on Mar 10, 2015 6:14pm
91 Views
Post# 23507316

RE:RE:RE:RBC

RE:RE:RE:RBCI agree that this is not an exciting quarterly report and in fact we should not have high hope for a quick rebounce in the intermediate terms. This summer could be a challenge. I still have a whole position for this stock and I am not selling yet. I reason that the sp is fairly priced and downside risk is not much from here, may be another 5%. I expect the market should steadily improve as the management said in the CC and back growth track but steady if not quick. In the meantime there is the dividend to collect while you wait.
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