HK Stock Market Move | KB LAMINATES (01888) rises nearly 4% against the trend to reach a new high. Citi said the company will more frequently increase its average selling price.

KB LAMINATES (01888) rose nearly 4% against the trend, reaching a high of HK$32.2, hitting a new record high. As of the time of writing, it rose 3.82% to HK$32.04, with a turnover of HK$772 million. In terms of news, Citigroup released a research report stating that it is expected that with the coming peak season, KB LAMINATES will more frequently increase its average selling price. The bank estimates that the average price of copper foil this year will increase by about 68% to HK$196 per sheet compared to last year's HK$116 per sheet. The bank has raised its earnings forecast for KB LAMINATES for the fiscal years 2026 to 2028 by 18%, 23%, and 16% respectively, with a target price raised to HK$43. Due to shortages in upstream glass fabrics and copper foil supply, KB LAMINATES remains the preferred choice in China's industrial artificial intelligence infrastructure industry. On April 3, KB LAMINATES issued a price increase letter: the prices of laminates and PP semi-cured sheets have been raised by 10%. The main reason for the price increase is the significant increase in prices of core materials such as upstream resins and electronic glass fiber fabrics. Electronic resins, as one of the important raw materials for PCBs, have seen a boost in demand and price increases in upstream raw materials, ushering in a high prosperous period.