HK Stock Market Move | KB LAMINATES (01888) rose by nearly 5% again, high-end copper clad laminate supplies are in short supply, manufacturers have raised prices multiple times this year.

KB LAMINATES (01888) rose nearly 5%, and as of the time of writing, it has risen by 4.77% to 11.86 Hong Kong dollars, with a turnover of 102 million Hong Kong dollars. On the news front, according to Caixin, the demand for high-end PCBs driven by AI has surged, and copper-clad laminates, as a key material for PCBs, have encountered a structural opportunity with some high-end categories becoming scarce and prices rising accordingly. Manufacturers such as KB LAMINATES have already raised product prices multiple times this year, with cost pressures and demand dividends becoming important drivers of price increases. Employees of Nanya New Material Technology and Zhejiang Wazam New Materials securities departments have mentioned that current production capacity utilization is high, with pricing adjustments in October. Industrial Securities Research believes that AI copper-clad laminate has become the engine driving a new round of industry growth. According to estimates, the AI copper-clad laminate market size will reach 2.2 billion US dollars by 2025, with a year-on-year growth of 100%. It is projected that by 2026, due to the large production volume of ASICs and the upgrade of copper-clad laminates for new NVIDIA products to M9, the AI copper-clad laminate market will reach 3.4 billion US dollars, with a year-on-year growth of 60%. By 2028, it is expected to reach 5.8 billion US dollars, with a compound annual growth rate of 52% from 2024 to 2028.