Changes in Hong Kong stocks | Jiantao Group (00148) rose more than 4% in the morning, the price of electronic grade glass cloth soared during the year, and the business related to the company's PCB industry chain continued to flourish

The Zhitong Finance App learned that Jiantao Group (00148) rose more than 4% in the morning. As of press release, it had risen 4.53% to HK$55.45, with a turnover of HK$543 million.

According to the news, Xiaomo recently released a research report stating that demand for artificial intelligence and general servers has caused a sharp shortage of glass cloth. The price of electronic grade glass cloth has risen by more than 100% since this year, which is expected to increase Jiantao Group's consolidated profit margin and market share. The bank predicts that the company's earnings per share will rise 8 times between 2025 and 2028. The main drivers include: industry shortages and migration to high-end CCL driving a cumulative 150% increase in the average price of CCL blends, capacity expansion projects in Jiangxi and Guangdong, a 75% increase in the size of the loom fleet over the next two years, and HVLP1-3 copper foil climbing and HVLP4 potential customer certification.

Huatai Securities believes that Jiantao Group is the vertical PCB integration leader in Hong Kong Stock Connect. It has the ability to support key raw materials such as upstream copper foil, electronic glass fiber yarn, and electronic glass fiber cloth to form a vertical PCB integration industry chain. Driven by AI, the company's PCB industry chain-related business continues to prosper, and the chemical and other businesses are gradually improving, and profitability is expected to increase significantly. The profit share of PCB-related high-value products will increase, and the value is expected to be re-valued.