Guotai Junan: First to give construction increase storage layer board (01888.HK) "buy" rating with target price of HKD 20.

According to the Zhixun Finance and Economics APP, Guotai Haitong released a research report stating that it is initiating coverage on the Juntao laminated board (01888.HK) for the first time, with a "Buy" rating. The company is one of the leading companies in the copper-clad laminate industry, with a differentiated barrier constructed through the integration of upstream materials. The optimistic outlook on the electronic copper foil clad copper board and the traditional copper clad board supply and demand pattern and new price trends are expected to contribute to the company's performance growth. It is estimated that the company's net profit for 2025-2027 will be 23.49/ 31.23/ 38.15 billion Hong Kong dollars, and a target price of 20 Hong Kong dollars is given based on the PE valuation method.