On September 23, KB LAMINATES rose 3.94% in regular trading, trading at HK$47.8/share, with turnover of HK$316 million.

On the news front, major shareholders Hallgain Management Limited and Kingboard Holdings Limited purchased an additional 800,000 shares on September 21 at an average price of approximately HK$46.88 per share, involving roughly HK$37.5 million. The long position ratio subsequently rose to approximately 62.16%. Since early September, affiliated shareholders have conducted intensive buying on multiple occasions, cumulatively adding over ten million shares.

Meanwhile, Morgan Stanley recently issued a research report assigning KB LAMINATES an Overweight rating with a target price of HK$75, noting that PCB glass fiber cloth and copper foil capacity growth are both constrained by equipment supply limitations. The company expects the glass fiber cloth shortage to persist through 2027, with strong pricing power. Additionally, Citi reiterated a Buy rating with a target price of HK$95, anticipating another copper clad laminate price hike in early October.

On fundamentals, the company reported H1 revenue of approximately HK$14.904 billion, up 55% year-over-year, with adjusted net profit surging 209% and gross margin improving significantly from 18.39% to 30.71%.

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