Citi released a research report, raisedJiantao laminated board(01888) Profit forecast for 2021-22 was 4%, and the target price was raised by 7.56% from HK$17.2 to HK$18.5, maintaining the “buy” rating. As of 15:19, it had risen 7.14%, with a price of HK$13.5 million and a turnover of $113 million.
According to the report, the management of Jiantao Laminate (01888) was quoted as revealing that the average price of products rose by more than 30% in the second half of last year. The bank believes that the monthly profit from November to December exceeded 300 million yuan and even faster to 300 to 400 million yuan 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 310 million yuan during the peak period in 2017.