Kingboard Laminates' Revenue Seen Supported by Higher Prices, New Capacity
Dow Jones
Sep 21
0626 GMT - Kingboard Laminates' revenue is likely to be supported by stronger laminate average selling prices and new fiberglass yarn capacity, says DBS Group Research's Tsz Wang Tam in a note. Laminate average selling prices are likely to grow more than 30% in 2026, before rising a further 15% in 2027 and 10% in 2028, supported by artificial-intelligence yarn and fabric shortages, the analyst says. The analyst projects the copper-clad laminate producer's 2026-2027 top line to grow 23%-61%, while earnings are expected to gain 24%-179%. DBS starts its coverage with a buy rating and target price of 67.50 Hong Kong dollars. Shares are up 1.3% at HK$47.70.
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