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<Research> Citi: CJS Capacity Expansion May Weigh on KB LAMINATES (01888.HK) Short-term Sentiment; Pullback Seen as Buying Opportunity
Citi issued a report stating that CJS (600176.SH) announced a major investment plan to build a production base in Huai'an with annual capacity of 50,000 tonnes of electronic glass ...
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<Research> Citi: CJS Capacity Expansion May Weigh on KB LAMINATES (01888.HK) Short-term Sentiment; Pullback Seen as Buying Opportunity
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Citi issued a report stating that CJS (600176.SH)  -1.210 (-3.111%)   announced a major investment plan to build a production base in Huai'an with annual capacity of 50,000 tonnes of electronic glass fiber yarn and 320 million meters of electronic fabric. The bank believes that as KB LAMINATES (01888.HK)  +3.930 (+7.936%)    Short selling $542.08M; Ratio 29.815%   has surged 256% year-to-date, the expansion news may negatively affect its short-term market sentiment.

However, Citi believes that any share price pullback would present a good buying opportunity, as supply bottlenecks in the electronic fiber industry remain constrained by the slow growth in the number of weaving machines. Citi expects KB LAMINATES' own monthly electronic fabric production capacity to increase by about 14% to 65 million meters before end-2026. Given limitations in weaving machine supply, industry supply growth is expected to remain limited over the next two years. Citi maintained its Buy rating on KB LAMINATES with a TP of HKD51. (da/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-03 12:25.) (A Shares quote is delayed for at least 15 mins.)

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