Citi: Kingboard Laminates (01888.HK) confirms an average price increase of 15% for thin-glass fabric copper-clad laminates starting in October; reiterates "Buy" rating.

Citi released a research report stating that Kingboard Laminates (01888.HK) announced, as expected, that starting from October, it will raise the average selling prices of thin fabric copper clad laminates (CCL) with specifications of #2116 or below, used in high-end applications such as 5G equipment, automobiles, and smartphones, by 15%. The bank reiterated its "Buy/High Risk" rating, maintaining the target price at HK$96.