Citi released a report stating that it was raisedJiantao laminated board(01888) Profit forecast for 2021-2022 is 4%, and the target price is raised from HK$17.2 to HK$18.5, maintaining the “buy” rating. The stock rose by more than 5% to a record high. As of press release, it had risen 4.2% to HK$14.4, with a turnover of HK$708.633 million.

According to the news, Citi quoted the management of Jiantao Laminate as revealing that the average product price rose by more than 30% in the second half of last year. The bank believes that the monthly profit from November to December exceeded HK$300 million, and even faster to HK$300 million in January this year. Therefore, it is estimated that the monthly profit from November to January should have exceeded the Group's average monthly profit of HK$310 million during the peak period in 2017.