KB LAMINATES (01888) saw its stock price soar 7.02% during intraday trading on Monday, reflecting significant investor optimism.

The surge follows the company's official issuance of a new price increase notice, raising all FR-4 copper-clad laminates and PP prepreg prices by 15%. This marks the fifth price hike this year, with cumulative increases exceeding 50%. In response, Citibank raised the company's target price by 20% to HK$120, adjusted its target P/E ratio, maintained a Buy rating, and lifted earnings forecasts. Additionally, southbound capital recorded net purchases exceeding HK$20 billion in Kingboard-related stocks over the past two weeks, providing sustained incremental support.

Underlying industry conditions further support the positive momentum. Industry data indicates that electronic cloth completed its fifth price increase this year in early June, with prices up 100% from the low in the third quarter of last year. Upstream inventory remains tight while midstream utilization rates stay elevated, supporting continued price transmission through the supply chain.