Shares of KB Laminates (01888) surged 5.51% during intraday trading, marking a significant rebound for the stock.

The sharp rise is attributed to the company's recent announcement of its fifth price increase this year, implemented on June 16, which raised prices for FR-4 and PP materials by 15%. This brings the cumulative year-to-date price hikes to over 40%. The move comes amid a persistent supply shortage for high-end copper-clad laminate (CCL) products, driven by surging demand from AI computing. Delivery times for high-speed CCL have extended to 4-6 months.

Further supporting the bullish sentiment, North American cloud operators have significantly raised their capital expenditure growth forecasts, fueling demand across the PCB and substrate materials sector. Additionally, southbound capital has shown strong conviction by net purchasing KB Laminates' shares for 12 consecutive trading days.