On August 7, KB LAMINATES rose 4.01% in regular trading, trading at HK$36.04/share, with turnover of HK$330 million, extending the recent PCB sector recovery.

On the news front, Citi recently issued a research report noting that demand from AI servers, AI power supplies, and ASIC servers continues to surge, causing severe supply shortages in upstream electronic-grade glass fabric, copper foil, and copper-clad laminates. August 1080 series e-glass fabric prices rose 17-18% month-over-month, with year-to-date cumulative gains reaching 118-165%, marking the largest single-month increase this year. Citi expects major CCL producers to initiate a new wave of price hikes and reiterated a Buy rating on KB LAMINATES with a target price of HK$130.

The company previously issued a profit alert projecting H1 net profit exceeding HK$28 billion, up over 200% year-over-year, driven by supply-demand tightness and rising ASPs across CCL and upstream materials. Formal interim results are scheduled for August 24. However, major shareholders have cumulatively disposed of over HK$200 billion in shares this year, with selling pressure remaining a key risk factor.

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