Jiantao Laminate (01888) rose more than 4% in early trading, and has risen more than 65% since April 26. As of press release, it rose 4.32% to HK$9.18, with a turnover of HK$19.653,500.
The Zhitong Finance App learned that the Jiantao Multilayer Board (01888) rose by more than 4% in early trading, and has risen more than 65% since April 26. As of press release, it rose 4.32% to HK$9.18, with a turnover of HK$19.653,500.
According to the news, Jiantao Laminate, the leading copper-clad board company, issued another price increase letter on May 20, stating that due to the sharp rise in copper prices as the main raw material for copper-clad sheets, customers have recently stocked up a lot of goods. The company's production capacity was fully filled in May. Under cost pressure, the price of related sheets will increase by 5-10 yuan/sheet starting today.
Caitong Securities believes that under the influence of the upward boom period and scale effects, highly concentrated upstream copper clad plate manufacturers can obtain stronger bargaining power and are expected to achieve faster output value growth and higher gross margin performance compared to downstream. Guosheng Securities said that the copper-clad plate industry will enter a price increase cycle against the backdrop of rising upstream prices and a recovery in downstream demand. Benefiting from a good competitive pattern and a lengthening downstream preparation cycle, profitability is expected to gradually improve.