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KB LAMINATES Spikes ~7% to Record High; Citi Raises TP to HKD66
Recommend 25 Positive 28 Negative 21 |
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KB LAMINATES (01888.HK) opened 6.26% higher today and peaked at HKD55.95, hitting a record high. It last stood at HKD54.6, up 6.85%, with turnover of 26.8219 million shares, involving HKD1.456 billion. Citi said in a research report that the ASP of electronic-grade fiberglass cloth in May rose faster than expected, while the ASP of copper clad laminate (CCL) is expected to increase next month. The broker therefore raised its earnings forecasts for KB LAMINATES for 2026-28 by 16-24%, and lifted its target price from HKD51 to HKD66, while maintaining its Buy rating. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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