HK Stock Market Move | KB LAMINATES (01888) rose more than 3% as PCB industry sentiment improved. The company is a leading player in the copper-clad laminate industry.

KB LAMINATES (01888) rose over 3%, at the time of writing, up 3.22% at HK$7.7, with a turnover of HK$26.245 million. On the news front, Amazon's cloud computing division Amazon Web Services (AWS) plans to invest at least $11 billion in Georgia to expand its infrastructure and support various cloud computing and artificial intelligence technologies; Microsoft has announced a spending of $80 billion on AI data center by 2025, and the trend of increased capital spending by North American cloud vendors in the fiscal year 2025 is clear. Institutions believe that this round of AI-driven technological innovation cycle will last longer and generate broader market demand, with the domestic PCB industry continuing to upgrade and expand high-end capacity and layout overseas capacity, performance release has sustainability. Open source Securities previously pointed out that KB LAMINATES is a leading company in the copper-clad industry. With the rise in copper prices in 2024 and the gradual recovery of downstream demand, copper-clad has flexible pricing space. Coupled with the cost advantages of supply chain vertical integration and economies of scale, the company is expected to drive revenue and profits back into growth trajectory in 2024.