KB Laminates (01888.HK) saw its stock price soar 5.01% during intraday trading on Tuesday, extending its recent upward momentum.
The sharp rise is driven by a fresh wave of collective price increases in the copper clad laminate (CCL) industry since April. Kingboard Laminates has raised prices on all laminates and PP prepreg products by 10%, while other major players including Taiyao, Mitsubishi Gas Chemical, TUC, and Iteq have also announced price adjustments ranging from 10% to 40% on selected product series. This upcycle is fueled by dual forces: rising costs of upstream electronic-grade fiberglass yarn and surging demand from AI server proliferation, which requires high-layer-count, high-frequency printed circuit boards (PCBs), widening the supply-demand gap for premium CCL materials.
Kingboard's vertically integrated supply chain and large-scale high-end electronic cloth production capacity give it a pronounced competitive edge in this cycle. The company's electronic-grade fiberglass cloth segment delivered over HK$600 million in profit in the prior year, up 70% year-on-year, driven by average selling prices nearly doubling.
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