Stock Track | KB Laminates Soars 5.14% Intraday as NVIDIA Denies Delay Rumors and Citi Raises Target Price

Stock Track

Jul 08

KB Laminates (01888) saw its stock price soar 5.14% during intraday trading on Wednesday, marking a significant rebound for the PCB manufacturer.

The sharp rise follows NVIDIA's official denial of earlier reports that claimed its Kyber NVL144 high-end computing rack faced manufacturing delays due to PCB bottlenecks. These rumors had previously triggered panic selling across Asia-Pacific PCB stocks, including an accumulated drop of over 18% in KB Laminates over two trading sessions.

Adding to the positive sentiment, Citi raised its target price for KB Laminates from HK$120 to HK$130 while maintaining a Buy rating. The broker cited stronger-than-expected price hikes and upgraded earnings forecasts by 11-12% for the next three years, viewing the recent pullback as a buying opportunity.

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These rumors had previously triggered panic selling across Asia-Pacific PCB stocks, including an accumulated drop of over 18% in KB Laminates over two trading sessions.</p><p>Adding to the positive sentiment, Citi raised its target price for KB Laminates from HK$120 to HK$130 while maintaining a Buy rating. 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These rumors had previously triggered panic selling across Asia-Pacific PCB stocks, including an accumulated drop of over 18% in KB Laminates over two trading sessions.</p><p>Adding to the positive sentiment, Citi raised its target price for KB Laminates from HK$120 to HK$130 while maintaining a Buy rating. The broker cited stronger-than-expected price hikes and upgraded earnings forecasts by 11-12% for the next three years, viewing the recent pullback as a buying opportunity.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01888","symbol_name":"建滔积层板","start_time":0,"source_url":"","article_id":"1121437885","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121437885","pubTimestamp":1783478028,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"KB Laminates (01888) saw its stock price soar 5.14% during intraday trading on Wednesday, marking a significant rebound for the PCB manufacturer.The sharp rise follows NVIDIA's official denial of...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01888":"建滔积层板"},"translate_title":"个股追踪|KB Laminates盘中大涨5.14%英伟达否认延迟传闻花旗上调目标价","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01888":1},"content_text":"KB Laminates (01888) saw its stock price soar 5.14% during intraday trading on Wednesday, marking a significant rebound for the PCB manufacturer.The sharp rise follows NVIDIA's official denial of earlier reports that claimed its Kyber NVL144 high-end computing rack faced manufacturing delays due to PCB bottlenecks. 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