0356 GMT - Any falls in Kingboard Laminates shares due to the U.S.-Iran conflict could be enhanced buying opportunities, say Citi analysts in a note. The Hong Kong-listed copper-clad laminates maker is reportedly raising the average selling price of some products and its copper-foil processing fee by around 10%, the analysts say. This is likely due to uncertainty from the conflict, which has driven up costs for natural gas as an energy source and epoxy resin for manufacturing copper-clad laminates, among other reasons, they say. Citi expects Kingboard's share price to be in line with copper prices, which have fallen modestly since the conflict but still hover around all-time highs. Citi reiterates its buy rating and HK$28.00 target price. Shares rise 7.5% to HK$22.45. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 09, 2026 23:56 ET (03:56 GMT)
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