Movement Alert|KB LAMINATES Rises 4.42% in Regular Trading, NVIDIA Earnings Beat Fuels AI Supply Chain Rally as Citi Favors AI-CCL Upgrade Outlook

Market Focus08-28 09:33

On August 28, KB LAMINATES rose 4.42% in regular trading, trading at HK$45.1/share with turnover of HK$320 million, extending its recent strong performance.

On the news front, NVIDIA disclosed Q2 fiscal results with revenue of US$96.2 billion and net profit of US$59.7 billion, both significantly exceeding market expectations, providing a strong boost to the AI supply chain sector. Citi issued a fresh research note expressing greater optimism on the AI-CCL supply chain technology curve upgrade, explicitly preferring KB LAMINATES over Kingboard Holdings. The bank maintains a target price of HK$95, while UBS holds a target of HK$66.

On fundamentals, KB LAMINATES reported H1 attributable profit surging 209% year-over-year to HK$2.887 billion, with July single-month profit reaching approximately HK$1.1 billion, a record high. Additionally, the company's controlling shareholders conducted multiple rounds of share purchases in recent sessions, with the long position ratio rising to 61.74%, signaling confidence in the company's outlook.

(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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