HK Stock Market Move | KB LAMINATES (01888) rises by more than 6%. Citigroup expects the average selling price of the company to further increase in the first half of the year in order to catch up with the recent copper cost inflation.

KB LAMINATES (01888) rose by over 6%, as of the time of writing, up 6.81% to 24.4 Hong Kong dollars, with a turnover of 1.59 billion Hong Kong dollars. On the news front, recently, KB LAMINATES issued a profit warning for 2025. Citigroup pointed out that the company expects a net profit growth of over 80% to over 2.39 billion yuan in 2025, surpassing Citigroup's forecast of 2.14 billion yuan. The stock has already risen by over 50% since the beginning of the year, and Citigroup believes that this should already reflect positive profit forecast factors. The bank stated that if the stock price corrects, it would be a better buying opportunity, and it prefers KB LAMINATES over KINGBOARD HLDG. The bank believes that key catalysts for KB LAMINATES include: expectations for average selling prices to continue to rise in the first half of this year, to catch up with recent copper cost inflation; and after the announcement of the 2025 results, management will provide more positive information on the development of artificial intelligence glass cloth.