HK Stock Market Move | KB LAMINATES (01888) rose more than 12% recently. The company has once again issued a price increase letter, raising the prices of all boards and PP by 10%.

KB LAMINATES (01888) rose by more than 12%, reaching 11.79% at the time of publication, and closing at 22.1 Hong Kong dollars, with a turnover of 2.35 billion Hong Kong dollars. On the news front, on April 3rd, the leading copper-clad laminate company KB LAMINATES issued another price increase letter. Due to the recent sharp increase in chemical product prices and supply shortages, causing a sharp rise in the cost of copper-clad laminate, the company raised prices by 10% for all boards and PP. It is reported that since the beginning of the year, the company has announced three consecutive price increases. EB SECURITIES previously pointed out that the company has built a complete vertical integration industrial chain, producing core raw materials such as glass fiber yarn, glass fiber cloth, and copper foil, combined with the bargaining advantage brought by the scattered downstream customers, making the company have strong supply chain stability and cost control capabilities. The bank believes that the company's continuous and smooth price increases will directly increase gross profit margin, and the logic of "profit elasticity release" is gradually being realized.