0502 GMT - Kingboard Laminates is set to post stronger earnings through 2028, supported by faster average selling price gains for copper clad laminates and e-glass fabric, Citi analyst Eric Lau says in a note. Tight supply of weaving looms--dominated by Toyota Industries and Tsudakoma--is expected to constrain Kingboard Laminates' production of the two products amid strong demand. Recent share-price weakness offers a buying opportunity, the bank says, citing upside to earnings from 1H 2026. Citi raises its 2026-2028 earnings forecasts by 15%-17% and lifts its target price to HK$51 from HK$43. Shares are up 5.2% at HK$36.50. (venkat.pr@wsj.com)
(END) Dow Jones Newswires
May 04, 2026 01:02 ET (05:02 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments