HK Stock Market Move | KB LAMINATES (01888) rose by over 4% again, the prosperity of the PCB industry is expected to continue to rise, and the company is the leader in the copper-clad laminate industry.

KB LAMINATES (01888) surged over 4% again, rising by 3.51% to HKD 7.37 at the time of writing, with a trading volume of HKD 161.816 million. On the news front, tech giants are driving a wave of data center construction. Amazon's cloud computing department Amazon Web Services (AWS) plans to invest at least $11 billion in the state of Georgia to expand its infrastructure and support various cloud computing and artificial intelligence technologies. Microsoft had previously announced an $80 billion investment in AI data centers by fiscal year 2025. With this trend, the PCB industry is expected to continue to rise. It is reported that the PCB manufacturing process includes drilling, copper plating, printing, soldering, and other processing steps on copper-clad laminates (CCL), eventually forming a circuit board. Open Source Securities previously pointed out that KB LAMINATES is a leader in the copper-clad laminate industry. With copper prices expected to rise in 2024, downstream demand gradually recovering, and copper-clad laminates having flexible pricing space, combined with cost advantages from supply chain vertical integration and economies of scale, the company is expected to drive revenue and profits back into growth track in 2024.