HK Stock Market Move | KB LAMINATES (01888) increased by over 6%, the tightness of copper clad laminate continues to escalate, and the company has recently raised product prices.

KB LAMINATES (01888) increased by more than 6%, with a gain of 6.17% by the time of publication, closing at HKD 12.22 with a turnover of 104 million Hong Kong dollars. On the news front, following Taiwan's Nanya Plastics' price increase letter in November, on December 1st, copper clad giant KB LAMINATES issued a price increase notice. The notice stated that due to the current high copper prices and the scarcity of original copper, the supply of glass cloth is also very tight. Under cost pressure, prices for all series of copper-clad products under its portfolio will be increased from the day of order acceptance, with price increases ranging from 5% to 10%. Sinolink released a research report stating that based on tracking in November, the entire PCB industry chain is judged as "maintaining a high level of prosperity". The main reasons come from the automotive and industrial control sectors benefiting from policy subsidies, as well as AI beginning to ramp up in large volumes. From the current visibility perspective, it is expected that the fourth quarter will continue to maintain a high level of prosperity. In the fourth quarter, mid-to-low-end raw materials and copper clad boards have experienced another round of price increases. It is anticipated that the copper clad board price increase has reached an important point where the slope may increase, and it is recommended to closely monitor.