Stock Track | KB Laminates Soars 5.32% Pre-Market on Strong PCB Earnings, AI Confidence Boost and Price Hikes

Stock Track
07/15

KB Laminates (01888) saw its stock price soar 5.32% in pre-market trading on Wednesday, continuing its recent upward momentum.

The surge follows multiple positive developments in the PCB sector, including strong H1 earnings previews from several core PCB companies showing significant year-over-year and quarter-over-quarter profit growth. Additionally, Nvidia CEO Jensen Huang's denial of Rubin Ultra shipment delays has boosted confidence across the AI hardware supply chain, with Galaxy Securities noting that AI chip demand for high-end PCBs is expected to continue expanding.

Company-specific factors also contributed to the rally, as KB Laminates has issued its sixth price-hike notice this year, raising FR-4 prices by 15% and increasing copper foil value-added profit by over 25%. Citi maintains a Buy rating on the stock with a 130 HKD target price, viewing recent pullbacks as buying opportunities.

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