Core Viewpoint - The stock of Jiantao Laminated Board (01888) has increased by over 4%, currently trading at HKD 19.66, with a transaction volume of HKD 217 million, driven by strong pricing power and cost transmission capabilities in the copper-clad laminate market [1] Group 1: Company Analysis - Jiantao Laminated Board has strong pricing power and cost transmission ability due to a tight supply and rising copper prices, which are expected to drive both prices and profitability in the copper-clad laminate industry [1] - The company has a diversified customer base, with the top five customers accounting for less than 30% of total sales, and approximately 78% of revenue coming from non-related third-party markets [1] - The company is expanding its production capacity for low-dielectric fiberglass yarn in Guangdong by 2025 to alleviate capacity bottlenecks, responding to high-end communication demands in 5G, 6G, and AI server markets [1] Group 2: Industry Outlook - The copper-clad laminate industry is experiencing a tight supply situation, combined with an upward trend in copper prices, which is likely to enhance both pricing and profitability [1] - The company has fully launched a new copper foil production capacity of 1,500 tons per month in Lianzhou, Guangdong, to meet the increasing demand for thick copper foil driven by data centers and cloud computing [1] - The vertical integration of the supply chain is expected to mitigate risks associated with fluctuations in upstream raw material prices, while high-value low-dielectric fiberglass yarn is anticipated to open new growth opportunities for the company [1]
港股异动 | 建滔积层板(01888)再涨超4% 公司覆铜板具备较强议价能力 深度布局产业链上游原材料