KB LAMINATES (01888) surged 5.06% during intraday trading on Thursday, marking a significant upward movement.
The rally is driven by multiple positive factors. The company recently announced a 10% price increase for all laminate sheets and PP prepreg products, citing substantial cost pressures from rising prices of key upstream materials such as resin and electronic glass fiber cloth. Additionally, KB LAMINATES reported robust financial results for fiscal year 2025, with revenue growing 10% year-over-year to HKD 20.4 billion and net profit soaring 83.6% to HKD 2.442 billion.
Analysts have responded positively to these developments. Citigroup raised its profit forecasts for KB LAMINATES for fiscal years 2026 to 2028 by 18%, 23%, and 16% respectively, and increased its target price to HK$43. Haitong International initiated coverage with an Outperform rating and a target price of HK$35, highlighting the company's dual-track growth from traditional business margin expansion and AI high-end materials. The global AI hardware upgrade cycle is expected to further tighten supply-demand conditions for high-end copper-clad laminate products, supporting the stock's revaluation.
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