KB LAMINATES (01888) experienced a significant price surge, soaring 5.10% during the intraday trading session on Friday.
The movement is attributed to a continued wave of price increases across the PCB (Printed Circuit Board) industry chain. Kingboard Laminates has issued its sixth price increase notice this year, raising the value-added profit on copper foil. Simultaneously, upstream glass cloth suppliers are also implementing price hikes, with leading CCL (Copper-Clad Laminate) enterprises maintaining strong cost pass-through capabilities.
Furthermore, the stock is recovering from a previous sell-off triggered by rumors regarding NVIDIA's supply chain. Following an official denial from NVIDIA and supportive analysis from major brokerages—including Citi, which raised its target price for Kingboard Laminates from HKD 120 to HKD 130 with a Buy rating and upgraded its earnings estimates by 11-12%—investor sentiment has improved.