Changes in Hong Kong stocks | Jiantao Group (00148) rose more than 4%, and South Asia responded by raising the price of copper foil substrates. It is true that CCL's tight supply and demand pattern will continue for longer

The Zhitong Finance App learned that Jiantao Group (00148) rose by more than 4%. As of press release, it had risen 4.49% to HK$47.9, with a turnover of HK$1,271 billion.

According to the news, according to market media reports on August 14, it is rumored that South Asia has issued price increase letters to customers. In response to the sharp rise in the cost of raw materials such as copper foil, fiberglass cloth, and resin, the price of substrates and substrates will increase by 20%, respectively, with effect from September 1. In response, South Asia responded that the price increase was true. Since this year, it has negotiated with customers to adjust product prices several times in response to rising material costs. However, this document was not an official price increase notice issued by the company to the outside world; the company did not comprehensively raise the price to customers by 20% in one go.

It is worth noting that new-generation AI chips and server platforms from tech giants such as Amazon, Nvidia, and Google will be intensively mass-produced in the second half of 2026, and demand for HVLP4 copper foil as the core substrate will further expand. Shanxi Securities previously pointed out that due to high technical barriers, production capacity is concentrated in a few manufacturers, and the production expansion cycle is long. It is expected that from 2026 to 2027, the gap between supply and demand for high-end copper foil will continue to exist. The bank believes that considering that this AI-driven supercycle is highly sustainable, it will still be in a period of rapid growth within the next 3-5 years, thereby providing continued strong demand for high-end copper-clad panels. It is expected that CCL's tight supply and demand pattern will continue until 2027 and beyond.