On August 26, KB LAMINATES fell 3.1% in regular trading, trading at HK$38.68/share, with turnover of HK$977 million. The decline came after the stock surged nearly 14% in the previous session on strong interim results.
On the news front, despite the company reporting H1 attributable net profit surging 209% year-over-year to HK$2.887 billion and Citi raising its target price to HK$95, northbound funds net sold HK$11.94 billion of the stock on August 25, ranking first among all net-sold stocks that day. This signals institutional profit-taking at the earnings realization window. UBS also raised its target price to HK$66, maintaining a Buy rating, citing the company's vertical integration advantages and AI-driven demand tightening CCL supply. The company's July profit reached approximately HK$1.1 billion, a record single-month high, but the stock faces technical correction pressure following the prior session's sharp rally.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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