HK Stock Market Move | KB LAMINATES (01888) rose more than 6% as the PCB industry chain improved, with institutions optimistic about its potential for performance growth.

KB LAMINATES (01888) surged over 6%, as of the time of writing, rising by 6.61% to 14.18 Hong Kong dollars, with a trading volume of 437 million Hong Kong dollars. On the news front, according to reports, as of October 27th, more than 10 PCB industry chain listed companies such as Shengyi Electronics have disclosed their third quarter reports or performance forecasts for the first three quarters, showing a high growth trend in the industry as a whole. At the same time, the wave of PCB expansion is now spreading from the manufacturing sector to the upstream equipment and materials field, with a high-end transformation driven by AI unfolding in this traditional industry. In addition, Sinolink pointed out that if M9 is confirmed, it will bring material upgrades, such as copper foil tending towards HVLP4, electronic fabric being Q fabric + second generation fabric. Guotai Haitong previously pointed out that the company is one of the leading companies in the copper-clad laminate industry, with an integrated layout of upstream materials constructing differentiated barriers, and electronic fabric copper foil laminates are synchronously upgraded, with an optimistic supply and demand pattern and new price trends for traditional laminates. Product upgrades and laminate price increases are expected to contribute to the company's performance growth potential. Open Source Securities believes that in terms of high-end products, KB LAMINATES has successfully developed HVLP3 copper foil, ultra-thin VLP copper foil for IC package carrier boards, and high-end copper foil has been certified to enter multiple global tier-1 and communication terminal customers; the first kiln for low dk glass fiber has been put into production in 2025H1, with three more kilns expected to be added in 2025H2, capable of producing second generation glass fiber; in 2026, it is estimated that another 6 high-end kilns will be put into production, producing low dielectric low expansion and quartz glass fiber.