Stock Track | Kingboard Laminates Soars 5.05% Intraday on CCL Price Hikes and Citi Earnings Upgrade

Stock Track10:03

Kingboard Laminates' stock surged 5.05% intraday, continuing its recent strong momentum after hitting consecutive all-time highs.

The company jointly announced with Chung Hsin Laminates a uniform 10% price increase on FR-4 copper clad laminates (CCL) and PP prepreg products, citing surging costs and tight supply of upstream core materials including resin and electronic glass fiber cloth. The price hike wave has spread across the industry, with Japanese suppliers also announcing adjustments, and major producers confirming a new round of Q2 price increases.

Citi issued a research report projecting more frequent average selling price increases as peak season approaches, raising Kingboard Laminates' earnings forecasts for the next three fiscal years by 18%, 23%, and 16% respectively. The bank highlighted Kingboard as a top pick in China industrial AI infrastructure given upstream glass fabric and copper foil supply shortages, with average selling prices expected to rise over 20% through late May.

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