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KB LAMINATES (01888.HK) Surges 18% to New High; Citi Raises TP to HKD100
Recommend 29 Positive 44 Negative 31 |
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KB LAMINATES (01888.HK) opened 8.23% higher today and peaked at HKD77.35. It last stood at HKD77.35, up 17.91%, with turnover of 36.4206 million shares, involving HKD2.682 billion. KINGBOARD HLDG (00148.HK) opened 6.16% higher today and peaked at HKD100.9. It last stood at HKD99.85, up 11.81%, with turnover of 20.8548 million shares, involving HKD2.004 billion. In a research report, Citi said that after participating in a site visit to GRACE FABRIC TECH (603256.SH), a leading player in China’s AI glass fiber fabric industry, it identified positive implications for KB LAMINATES (01888.HK). Due to limited supply of weaving machines, the average selling price of electronic-grade e-glass fabric is expected to continue rising in 2H26. Meanwhile, the profitability of AI glass fiber fabric exceeded expectations. Its contribution to KB LAMINATES’ total gross profit is projected to surge from 6.9% in 2026 to 17.4% in 2028. The broker turned more optimistic on KB LAMINATES’ 1H26 results, which are expected to be announced in mid-August, with a potential profit alert in mid-July. Benefiting from strong price inflation of electronic-grade e-glass fabric in 1H26, Citi raised its 1H26 earnings forecast by about 7%. Revenue for 1H26 is projected to soar 80% YoY to HKD17.3 billion, while net profit is expected to jump 297% YoY to HKD3.71 billion. Net profit margin is forecast to double from 9.7% in 1H25 to 21.4%. Citi lifted its earnings forecasts for KB LAMINATES for 2026-2028 by 7%, 12% and 16%, respectively, and raised its TP from HKD80 to HKD100 to reflect better-than-expected profitability of AI glass fiber fabric, maintaining a Buy rating. (ad/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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