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<tr><td colspan="6"><h1 class="header">Company Rating - 摩根士丹利 : ND PAPER</h1>
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<select class="traffic-input" id="stockType" name="stockType" onChange="submitForm();return false">

<option value="" selected>All</option>


<option value="HSI">HSI constituent stocks</option>


  <option value="8001">Conglomerates</option>

  <option value="6011">Property (Mainland)</option>

  <option value="6015">Property (HK & Macau)</option>

  <option value="800010">Conglomerates</option>

  <option value="4001">Electricity Supply</option>

  <option value="400010">Conventional Electricity</option>

  <option value="4002">Gas Supply</option>

  <option value="400020">Gas Distribution</option>

  <option value="601020">Property Development</option>

  <option value="5011">Banks</option>

  <option value="501010">Banks</option>

  <option value="0011">Petroleum</option>

  <option value="5041">Securities</option>

  <option value="001010">Oil & Gas Producers</option>

  <option value="232020">Consumer Electronics</option>

  <option value="3501">Telecomm. Services</option>

  <option value="350020">Telecommunication Services</option>

  <option value="6014">Property Investment</option>

  <option value="3032">Entertainment</option>

  <option value="2081">Biotechnology</option>

  <option value="281010">Pharmaceuticals</option>

  <option value="601030">Property Investment</option>

  <option value="3033">Media</option>

  <option value="235040">Publishing</option>

  <option value="7021">Software & IT</option>

  <option value="7023">Software</option>

  <option value="702030">Application Software</option>

  <option value="3021">Hotels</option>

  <option value="234040">Hotels & Resorts</option>

  <option value="6021">Construction</option>

  <option value="3025">Gamble</option>

  <option value="234030">Casinos & Gaming</option>

  <option value="5032">Other Financial</option>

  <option value="2046">Food Additives & Flavouring</option>

  <option value="251050">Food Additives</option>

  <option value="7012">Aerospace</option>

  <option value="1002">Industrial Goods</option>

  <option value="101060">Aerospace & Defence</option>

  <option value="3043">Road and Railway</option>

  <option value="3052">Other Support</option>

  <option value="236010">Education</option>

  <option value="2022">Household Goods</option>

  <option value="2091">International Trade</option>

  <option value="503010">Securities & Brokerage</option>

  <option value="3012">Apparels</option>

  <option value="1001">Machinery</option>

  <option value="101040">Heavy Industrial Machinery</option>

  <option value="3014">Department Stores</option>

  <option value="2041">Alcoholic & tobacco</option>

  <option value="0532">Chemical</option>

  <option value="253010">Supermarkets & Convenience Stores</option>

  <option value="7011">IT Hardware</option>

  <option value="2071">Consumer Electronics</option>

  <option value="1007">Electrical Equipment</option>

  <option value="101020">Industrial Components & Equipment</option>

  <option value="702010">System Applications & IT Consulting</option>

  <option value="3022">Restaurants</option>

  <option value="2061">Agricultural</option>

  <option value="2033">Other Textiles</option>

  <option value="3015">Jewellery</option>

  <option value="2011">Automobiles Components</option>

  <option value="231020">Auto Parts</option>

  <option value="237050">Other Retailers</option>

  <option value="3024">Diversified Tourism</option>

  <option value="234060">Restaurant</option>

  <option value="5031">Investments</option>

  <option value="503020">Investment & Asset Management</option>

  <option value="1004">Printing</option>

  <option value="103020">Printing & Packaging</option>

  <option value="6022">Construction Materials</option>

  <option value="602010">Construction Materials</option>

  <option value="2043">Food Processing</option>

  <option value="251010">Packaged Foods</option>

  <option value="0021">Coal</option>

  <option value="0522">Metals (Nonferrous)</option>

  <option value="0511">Mining</option>

  <option value="002010">Coal</option>

  <option value="3044">Public Transport</option>

  <option value="234010">Transportation</option>

  <option value="503030">Financing</option>

  <option value="236020">Other Support Services</option>

  <option value="7022">E-Commerce</option>

  <option value="702020">E-Commerce & Internet Services</option>

  <option value="702040">Game Software</option>

  <option value="233040">Jewellery & Timepieces</option>

  <option value="1003">Electronic Components</option>

  <option value="7031">Semiconductors</option>

  <option value="703010">Semiconductors</option>

  <option value="503040">Other Financials</option>

  <option value="282010">Medical Devices & Supplies</option>

  <option value="7041">Technology Conglomerates</option>

  <option value="0012">Petroleum Equipment</option>

  <option value="0534">Forestry</option>

  <option value="053020">Forestry & Timber</option>

  <option value="602020">Building Construction</option>

  <option value="052030">Aluminium</option>

  <option value="101025">Electronic Components</option>

  <option value="0521">Metals (Steel)</option>

  <option value="052010">Iron & Steel</option>

  <option value="101010">Commercial Vehicles & Trucks</option>

  <option value="6031">Infrastructure</option>

  <option value="102020">Railway & Tollroad Operation</option>

  <option value="6012">Property Management</option>

  <option value="601050">Property Service & Management</option>

  <option value="3502">Telecomm. Equipment</option>

  <option value="701010">Telecommunication Equipment</option>

  <option value="233050">Other Accessories</option>

  <option value="2023">Toys</option>

  <option value="232030">Toys & Leisure Products</option>

  <option value="233020">Apparel</option>

  <option value="2051">Health Care</option>

  <option value="237020">Apparel Retailers</option>

  <option value="0536">Environmental Material</option>

  <option value="235030">Movies & Entertainment</option>

  <option value="3045">Marine</option>

  <option value="102010">Shipping & Port Operation</option>

  <option value="3019">Automobile</option>

  <option value="237010">Automotive Retailers</option>

  <option value="2031">Textile & Apparels</option>

  <option value="233010">Textiles & Fabrics</option>

  <option value="2044">Diversified Food</option>

  <option value="3047">Logistic Services</option>

  <option value="1005">Environmental Goods</option>

  <option value="101030">Environmental Engineering</option>

  <option value="3016">Beauty</option>

  <option value="253020">Personal Care</option>

  <option value="237040">Diversified Retailers</option>

  <option value="3023">Tourism</option>

  <option value="0537">Basic Materials</option>

  <option value="2053">Medical Equipment</option>

  <option value="235010">Advertising & Marketing</option>

  <option value="052040">Other Metals & Minerals</option>

  <option value="251040">Alcohols</option>

  <option value="231010">Automobiles</option>

  <option value="0013">Alternative Energy</option>

  <option value="400040">Alternative/Renewable Energy</option>

  <option value="053040">Specialty Chemicals</option>

  <option value="001020">Oil & Gas Equipment & Services</option>

  <option value="4003">Water Supply</option>

  <option value="9999">ETFs</option>

  <option value="3031">Advertising</option>

  <option value="2032">Footwears</option>

  <option value="233030">Footwear</option>

  <option value="3011">Retailers & Trade</option>

  <option value="251030">Non-alcoholic Beverages</option>

  <option value="502010">Insurance</option>

  <option value="2021">Household Appliances</option>

  <option value="232010">Home Appliances</option>

  <option value="234050">Travel & Tourism</option>

  <option value="2052">Medicine</option>

  <option value="602030">Heavy Construction & Engineering</option>

  <option value="281040">Medicine Distribution</option>

  <option value="703020">Semiconductor Equipment & Materials</option>

  <option value="400030">Water</option>

  <option value="0512">Precious Metals</option>

  <option value="051010">Gold & Precious Metals</option>

  <option value="282020">Medical & Aesthetic Services</option>

  <option value="252010">Poultry & Meat</option>

  <option value="3041">Airline Services</option>

  <option value="234020">Airlines</option>

  <option value="0533">Fertilisers</option>

  <option value="053010">Fertilisers & Agricultural Chemicals</option>

  <option value="3046">Shipbuilding</option>

  <option value="701020">Computers & Peripherals</option>

  <option value="2042">Beverage (Non-alco)</option>

  <option value="281030">Chinese Medicines</option>

  <option value="235020">Broadcasting</option>

  <option value="232040">Household Goods</option>

  <option value="601010">Real Estate Agencies</option>

  <option value="3042">Airline Supports</option>

  <option value="052020">Copper</option>

  <option value="3026">Leisure & Recreation</option>

  <option value="3018">Sports & Leisure</option>

  <option value="5021">Insurance</option>

  <option value="103010">Sourcing & Supply Chain Service</option>

  <option value="6013">Reit</option>

  <option value="601040">Real Estate Investment Trusts</option>

  <option value="252020">Agricultural Products</option>

  <option value="101050">New Energy Materials</option>

  <option value="0535">Papermaking</option>

  <option value="2045">Dairy Products</option>

  <option value="350010">Satellite & Wireless Communication</option>

  <option value="237030">Home Improvement Retailers</option>

  <option value="102030">Air Freight & Logistics</option>

  <option value="3034">TV & Broadcasting</option>

  <option value="3035">Multi-Media</option>

  <option value="281020">Biotechnology</option>

  <option value="053030">Paper</option>

  <option value="101070">Energy Storage Units</option>

  <option value="3051">Funeral</option>

  <option value="234070">Leisure & Recreational Facilities</option>

  <option value="251020">Dairy Products</option>

  <option value="252030">Animal Feeds</option>

  <option value="102040">Road Transportation</option>

  <option value="251045">Tobacco</option>

  <option value="400050">Nuclear Energy</option>

</select>

</td></tr>
<tr><td>&nbsp;</td></tr>
<tr><td colspan="7" align="center">

<table cellpadding="1" cellspacing="0" border="0" width="100%" class="tblouterm_8">
<tr style="background-color:#CCCCCC">
<td class="minihead" nowrap="nowrap" align='center'>Name</td>
<td class="minihead" nowrap="nowrap" align='center'>Updated</td>
<td class="minihead" nowrap="nowrap" align='center'>Value</td>
<td class="minihead" nowrap="nowrap" align='center'>Open</td>
<td class="minihead" nowrap="nowrap" align='center'>High</td>
<td class="minihead" nowrap="nowrap" align='center'>Low</td>
<td class="minihead" nowrap="nowrap" align='center'>Change</td>
</tr>
<tr style="">
<td class="minitext fixed1" nowrap="nowrap">ND PAPER</td>
<td class="minitext" nowrap="nowrap" align='center'>2024-04-29 16:08</td>
<td class="minitext" nowrap="nowrap" align='center'>3.49</td>
<td class="minitext" nowrap="nowrap" align='center'>3.3</td>
<td class="minitext" nowrap="nowrap" align='center'>3.54</td>
<td class="minitext" nowrap="nowrap" align='center'>3.28</td>
<td class="minitext" nowrap="nowrap" align='center'>3.49</td>
</tr>
</table>

</td></tr>
<tr><td colspan="7">
<table cellpadding="3" cellspacing="0" border="0" width="100%">
<tr class="tablemenu_3"><td>Date</td><td>Broker Name</td><td>Company name</td><td colspan="3" align="center">Rating</td><td colspan="3" align="center">Target Price</td><td>Other Info</td></tr>
<tr><td style="font-size:1px">&nbsp;</td></tr>


<tr style=""><td width="40" style="font-size:12px">01-30</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px">&#x2192;</td><td width="80" style="font-size:12px">Overweight</td><td width="50" align="right" style="font-size:12px"><font style="color:#FFFFFF;">4</font></td><td width="10" style="font-size:12px">&#x2192;</td><td width="50" style="font-size:12px">4</td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
</td></tr>


<tr style="background-color:#EEEEEE;"><td width="40" style="font-size:12px">03-09</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px">&#x2192;</td><td width="80" style="font-size:12px">Buy</td><td width="50" align="right" style="font-size:12px">11</td><td width="10" style="font-size:12px"><font color='red'>&#x2193;</font></td><td width="50" style="font-size:12px">8.4</td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
</td></tr>


<tr style=""><td width="40" style="font-size:12px">03-09</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px"><font color='green'>&#x2191;</font></td><td width="80" style="font-size:12px">Mkt Perform</td><td width="50" align="right" style="font-size:12px">10.3</td><td width="10" style="font-size:12px"><font color='green'>&#x2191;</font></td><td width="50" style="font-size:12px">15</td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
</td></tr>


<tr style="background-color:#EEEEEE;"><td width="40" style="font-size:12px">06-16</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px"></td><td width="80" style="font-size:12px"></td><td width="50" align="right" style="font-size:12px">5.3</td><td width="10" style="font-size:12px"><font color='red'>&#x2193;</font></td><td width="50" style="font-size:12px">5</td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
</td></tr>


<tr style=""><td width="40" style="font-size:12px">02-24</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px"><font color='green'>&#x2191;</font></td><td width="80" style="font-size:12px">Mkt Perform</td><td width="50" align="right" style="font-size:12px"><font style="color:#FFFFFF;"></font></td><td width="10" style="font-size:12px">&#x2192;</td><td width="50" style="font-size:12px"></td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
</td></tr>


<tr style="background-color:#EEEEEE;"><td width="40" style="font-size:12px">09-24</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px">Mkt Perform</td><td width="10" style="font-size:12px"><font color='red'>&#x2193;</font></td><td width="80" style="font-size:12px">Underweight</td><td width="50" align="right" style="font-size:12px">5</td><td width="10" style="font-size:12px"><font color='green'>&#x2191;</font></td><td width="50" style="font-size:12px">8</td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
</td></tr>


<tr style=""><td width="40" style="font-size:12px">09-15</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px"><font color='green'>&#x2191;</font></td><td width="80" style="font-size:12px">Underweight</td><td width="50" align="right" style="font-size:12px">5</td><td width="10" style="font-size:12px"><font color='green'>&#x2191;</font></td><td width="50" style="font-size:12px">8</td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
</td></tr>


<tr style="background-color:#EEEEEE;"><td width="40" style="font-size:12px">05-13</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px">&#x2192;</td><td width="80" style="font-size:12px">Mkt Perform</td><td width="50" align="right" style="font-size:12px">3</td><td width="10" style="font-size:12px"><font color='green'>&#x2191;</font></td><td width="50" style="font-size:12px">5</td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
</td></tr>


<tr style=""><td width="40" style="font-size:12px">05-11</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px"></td><td width="80" style="font-size:12px"></td><td width="50" align="right" style="font-size:12px">3.0</td><td width="10" style="font-size:12px"><font color='green'>&#x2191;</font></td><td width="50" style="font-size:12px">5.0</td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
</td></tr>


<tr style="background-color:#EEEEEE;"><td width="40" style="font-size:12px">02-20</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px">&#x2192;</td><td width="80" style="font-size:12px">Underweight</td><td width="50" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px"></td><td width="50" style="font-size:12px"></td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
</td></tr>


<tr style=""><td width="40" style="font-size:12px">02-10</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px">&#x2192;</td><td width="80" style="font-size:12px">Overweight</td><td width="50" align="right" style="font-size:12px">2.5</td><td width="10" style="font-size:12px"><font color='green'>&#x2191;</font></td><td width="50" style="font-size:12px">3</td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
</td></tr>


<tr style="background-color:#EEEEEE;"><td width="40" style="font-size:12px">01-30</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px"><font color='green'>&#x2191;</font></td><td width="80" style="font-size:12px">Overweight</td><td width="50" align="right" style="font-size:12px"><font style="color:#EEEEEE;">2.5</font></td><td width="10" style="font-size:12px">&#x2192;</td><td width="50" style="font-size:12px">2.5</td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
</td></tr>


<tr style=""><td width="40" style="font-size:12px">12-17</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px">&#x2192;</td><td width="80" style="font-size:12px">Mkt Perform</td><td width="50" align="right" style="font-size:12px"><font style="color:#FFFFFF;">2.5</font></td><td width="10" style="font-size:12px">&#x2192;</td><td width="50" style="font-size:12px">2.5</td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
</td></tr>


<tr style="background-color:#EEEEEE;"><td width="40" style="font-size:12px">09-18</td><td width="100" style="font-size:12px"><a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9">&nbsp;Morgan Stanley&nbsp;</a></td><td style="font-size:12px"><a class="imglink" href="market_grade.html?code=02689">&nbsp;ND PAPER&nbsp;</a></td><td width="80" align="right" style="font-size:12px"></td><td width="10" style="font-size:12px">&#x2192;</td><td width="80" style="font-size:12px">Mkt Perform</td><td width="50" align="right" style="font-size:12px">7.1</td><td width="10" style="font-size:12px"><font color='red'>&#x2193;</font></td><td width="50" style="font-size:12px">4</td><td width="120" style="font-size:12px">
<a class="imglink" href="sl.html?id=02689">&nbsp;Data&nbsp;</a>
<!--a class="imglink" href="stock_news.html?code=02689">&nbsp;News&nbsp;</a-->
<!--a class="imglink" href="stock_chart_multi.html?stock_id=02689">&nbsp;Chart&nbsp;</a-->
<a class="imglink" href="market_grade.html?grader=%E6%91%A9%E6%A0%B9%E5%A3%AB%E4%B8%B9%E5%88%A9&code=02689">&nbsp;Hist.&nbsp;</a>

<!--a class="imglink" href="company_performance_detail.html?code=02689">&nbsp;Performance&nbsp;</a-->
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