According to a research report released by Citigroup, the latest commodity data shows that the average sales price of the 1080 series electronic grade fiberglass cloth rose 17% to 18% month-on-month in August, the biggest increase since the beginning of the year. The cumulative increase in electronic grade glass fiber cloth prices during the year reached 118% to 165%. It is believed that strong AI demand is driving demand for some products, causing manufacturers to shift production capacity from non-AI products to AI glass fiber cloth, and the industry's supply tension has further intensified. The bank believes that the current valuation of Jiantao Laminated Board is only equivalent to predicting next year's price-earnings ratio of about 7 times. Next year's dividend rate is expected to exceed 7%, maintaining the “buy” rating and target price of HK$130 unchanged, corresponding to the projected price-earnings ratio of about 28 to 29 times in 2027.

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