Movement Alert|KB LAMINATES Rises 3.53% in Regular Trading, Profit Alert and Citi Buy Rating Support Oversold Rebound

Market Focus08-05

On August 5, KB LAMINATES rose 3.53% in regular trading, trading at HK$32.24/share, with turnover of HK$406 million, extending its recent oversold rebound momentum.

On the news front, the company previously issued a positive profit alert, forecasting first-half net profit to exceed HK$2.8 billion, representing year-over-year growth of more than 200%, primarily driven by tight supply conditions for copper-clad laminates and upstream materials including electronic fiberglass yarn, electronic fiberglass fabric, and copper foil, resulting in both price and volume increases. Citi reaffirmed its Buy rating with a target price of HK$130, noting the stock's decline appears excessive given its current valuation of only 8-9x P/E. Additionally, the company is scheduled to release formal interim results on August 24 and will consider an interim dividend, providing a near-term catalyst. Sector peer Kingboard Holdings gained 2.19%, as the broader PCB sector continued to recover.

(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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