KB LAMINATES (01888) saw its shares rise more than 5% again, reaching a new all-time high. At the time of writing, the stock was up 4.38%, trading at HK$29.58 with a turnover of HK$455 million. In early April, the leading CCL manufacturer, KB LAMINATES, issued a notice announcing a uniform 10% price increase for its board materials and PP prepreg. The price adjustment is attributed to significant increases in the cost of key upstream raw materials, such as resin and electronic glass fiber cloth, coupled with tight supply conditions. Shanghai Securities noted that by 2025, the performance of PCB Bancorp is expected to be fully realized, and order demand in 2026 is likely to continue driving profit growth. This shift will validate PCB manufacturers' expectations and ramp-up phases, moving from "expectation-driven" to "performance-driven" growth. The introduction of next-generation computing products, such as the Rubin architecture, combined with multiple demand factors like orthogonal backplanes and LPU cabinets, along with global AI computing hardware upgrades, is expected to lead to a significant leap in the output value of the PCB industry.
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