Movement Alert|KB LAMINATES Rises 3.01% in Regular Trading, Seventh Price Hike This Year Combined with Continuous Insider Buying and Citi Target of HK$95

Market Focus
Sep 03

On September 3, KB LAMINATES rose 3.01% in regular trading, trading at HK$46.26/share, with turnover of approximately HK$61.89 million, extending its recent rebound momentum.

On the news front, the company recently announced a 10% price increase on all FR-4 copper clad laminates and a 20% increase on thin-cloth prepreg, marking the seventh price hike this year and maintaining a roughly monthly cadence since March. Concurrently, controlling shareholder affiliate Kingboard Investments Limited accumulated shares over multiple consecutive trading days from August 25 to 31, lifting its long position from 5.05% to 5.19%. Major shareholder Hallgain Management Limited also raised its stake to 61.84%. Citibank reiterated a Buy rating with a HK$95 target price, projecting further price increases of 15%-20% by year-end, while UBS raised its target to HK$66. The company reported interim profit surging 209% year-on-year, with gross margin expanding 12.3 percentage points to 30.7%, driven by vertical integration advantages and rising average selling prices amid AI-driven PCB demand.

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