Kingboard Laminates Likely to Benefit from Higher Product Prices

Dow Jones08-27

0244 GMT - Kingboard Laminates Holdings' earnings stand to benefit from higher average selling prices for laminates and upstream materials, UOB Kay Hian analysts say in a research report. These prices are expected to stay elevated in 2H owing to a supply shortage, UOB Kay Hian says. The brokerage estimates artificial-intelligence-related specialty yarn will contribute 3.3%, 10.6% and 12.8% of the electronics materials manufacturer's total revenue in 2026, 2027 and 2028, respectively. The brokerage lifts its revenue forecasts for Kingboard Laminates by 13% for 2026, 11% for 2027 and 14% for 2028. It raises its target price on the stock to 42.43 Hong Kong dollars from HK$25.30, with an unchanged buy rating. Shares are 7.3% higher at HK$42.68.

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