On September 7, KB LAMINATES rose 4.57% in regular trading, trading at HK$46.02/share, with turnover of HK$410 million. The rally was driven by a confluence of positive catalysts including sustained product repricing and persistent insider buying.
On the pricing front, the company recently announced a 10% price increase on all FR-4 copper clad laminates and a 20% hike on thin-cloth prepreg, marking the seventh price increase this year and maintaining a roughly monthly cadence since March. Upstream supply tightness in glass cloth and copper foil has underpinned the repricing momentum. Citi reiterated its Buy rating with a HK$95 target price, anticipating another round of price increases in early October to pass through rising input costs.
Meanwhile, controlling shareholder affiliate Kingboard Investments Limited conducted consecutive purchases from August 25 through September 1, lifting its long position from 5.05% to 5.22%. Related entities Hallgain Management Limited and Kingboard Holdings Limited also increased their stakes to approximately 61.88% and 61.86%, respectively, signaling strong insider confidence. Chairman Zhang Guohua recently expressed optimism that AI-driven demand would sustain expansion through the coming years.
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