JCET's Fundraising Plan Seems Strategically Positive
Dow Jones
Sep 04
0227 GMT - JCET's latest fundraising plan via a private placement is strategically positive despite near-term shares dilution, Citi analysts say in a note. On Thursday, the Chinese chip packaging and testing provider announced 6.5 billion yuan of private placement to fund its advanced packaging expansion. The placement confirms a strong capital spending cycle ahead for JCET, which could exceed 10 billion yuan in 2026 with further growth in 2027 and 2028, they say. JCET's capacity expansion plan should help it capture "China's secular AI-driven advanced packaging growth opportunities," they add. Shares are 2.5% lower at 69.51 yuan.
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