On August 14, KB LAMINATES rose 3.42% in regular trading, trading at HKD 39.76/share, with turnover of HKD 398 million, extending a multi-day rebound fueled by a wave of bullish investment bank initiations.

On the news front, Citi lowered its target price from HKD 130 to HKD 92 while adjusting its rating to Buy/High Risk, citing accelerating second-half profit growth with net profit expected to surge 2.8x year-over-year. Meanwhile, UBS and Bank of America both initiated coverage with Buy ratings and target prices of HKD 58 and HKD 53 respectively, noting that AI demand is tightening CCL and upstream raw material supply. As the world's largest traditional FR4 CCL supplier, the company is positioned as a key beneficiary. The stock had previously fallen approximately 60% from its June highs, making current valuations attractive according to multiple analysts.

Additionally, the company recently raised FR-4 CCL and PP prepreg prices by 10%, while August electronic cloth average prices rose 17%-18% month-over-month. The company previously issued a profit alert forecasting H1 net profit exceeding HKD 2.8 billion, up over 200% year-over-year, with formal interim results scheduled for August 24.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)