HK Stock Market Move | KB LAMINATES(01888) fell more than 9%, but its cumulative increase in the month still exceeds 80%. The company recently raised prices for some products.

KB LAMINATES (01888) fell more than 9%, but still recorded a cumulative increase of over 80% this month. As of press time, it fell by 7.63% to HK$34.64, with a turnover of HK$1.313 billion. On the news front, recently, the leading company in the copper-clad laminate industry, KINGBOARD HLDG's Guangdong KB LAMINATES Sales Co., Ltd. issued a formal price increase notice, stating that due to the current high copper prices and tight supply of glass cloth, the cost of copper-clad laminate (CCL) has sharply increased. The price of FR-4 copper-clad laminate and PP semi-cured sheet will be increased by 10% starting from today. 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% year-on-year to HK$196 from HK$116 per sheet last year. The bank has raised its profit forecast for KB LAMINATES for fiscal years 2026 to 2028 by 18%, 23% and 16% respectively, and raised its target price to HK$43. Due to the shortage of upstream glass fabric and copper foil supply, KB LAMINATES remains the preferred choice in the Chinese industrial artificial intelligence infrastructure industry.