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| HSI1 | 24,557.04 | +108.09 | 178.17B |
| HSCEI1 | 8,265.81 | +5.66 | 57.75B |
| Back Zoom + Zoom - Block Traded | |
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2026-11-10 12:07:00 Citi published a research report stating that following AI PCB upstream material channel checks and industry conferences held on Nov 5-6, the bank expects electronic fiberglass cloth supply to remain tight through 1H27, supported by low inventory levels and limited near-term new capacity additions. SCI industry checks showed that producers had strong intentions to raise prices again in December, although some industry participants expected the pace of price hikes for conventional thick cloth products to slow. SCI estimated the potential peak price at around RMB16 to RMB17 per meter. The bank noted that major producers have outlined large-scale capacity expansion plans, but actual loom deliveries and production ramp-up will be critical to supply-demand balance in 2H27. In addition to nominal capacity increases, specialty yarn supply, production yield rates and downstream PCB capacity bottlenecks remain key variables to monitor. Low inventory levels and limited immediate new capacity additions are expected to support continued tight supply in 1H27. From 2H27 onward, new production lines and loom deliveries should gradually increase effective supply, although the extent and timing of normalization remain uncertain. The bank believes CJS (600176.SH) has relatively stronger near-term earnings visibility, while pricing sustainability will become the key debate point in 2H27. Citi assigned a TP of RMB71 to CJS (600176.SH), based on a projected 2027 PE ratio of 17.3x, with a Buy rating.(da/ad)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |