--- title: "Hong Kong Stock Movement: KB LAMINATES rises 15%: Citigroup raises target price, Middle East situation boosts price increase expectations" type: "News" locale: "en" url: "https://longbridge.com/en/news/289130212.md" description: "KB LAMINATES rose 15.19%; KB Group surged 20.28%, with a transaction volume reaching HKD 3.069 billion; Shenghong Technology increased by 7.27%, with a transaction volume of HKD 1.053 billion; Sunny Optical Technology fell 1.88%, with a transaction volume of HKD 588 million; Lens Technology dropped 1.20%, with a market value of HKD 131.1 billion" datetime: "2026-06-09T03:17:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289130212.md) - [en](https://longbridge.com/en/news/289130212.md) - [zh-HK](https://longbridge.com/zh-HK/news/289130212.md) --- # Hong Kong Stock Movement: KB LAMINATES rises 15%: Citigroup raises target price, Middle East situation boosts price increase expectations **Hong Kong Stock Movement** KB LAMINATES rose 15.19%. Based on recent key news: 1. On June 9, the Middle East conflict disrupted the supply of key raw materials, driving up PCB prices. Iran's attack on Saudi Arabia's petrochemical complex led to the shutdown of high-purity polyphenylene ether resin production, causing PCB prices to soar 40% in April. KB LAMINATES benefited from this price increase cycle. Source: CaiLianShe 2. On June 9, Citigroup reported that KB LAMINATES' profits in the first half of 2026 are expected to grow significantly. Citigroup predicts the company's net profit will surge 273% year-on-year and raised the target price to HKD 80, maintaining a "Buy" rating. Source: Citigroup 3. On June 8, KB LAMINATES announced a special dividend, attracting capital interest. The company will distribute a final dividend plus a special dividend of HKD 0.53 on June 25, with the stock price once soaring 15%. Source: Now News Channel The PCB industry benefits from the raw material price increase cycle. **Stocks Ranked Among the Top in Industry Transaction Volume** Kintor Group surged 20.28%. Based on recent key news: 1. On June 9, the Middle East conflict disrupted the supply of key raw materials, driving up the prices of printed circuit boards (PCBs) used in almost all electronic devices, leading to a significant rise in Kintor Group's stock price. High-purity polyphenylene ether (PPE) resin production was forced to shut down, causing PCB prices to soar 40% compared to March. 2. On June 9, Guanghe Technology, KB LAMINATES, and Kintor Group all benefited from the PCB price increase cycle, and all three are constituent stocks of the Hong Kong Stock Connect Information C Index, with a combined weight of 7.84%. 3. On June 8, the Hong Kong Stock Connect Information Technology ETF tracks the Hong Kong Stock Connect Information C Index, supporting T+0 trading and improving capital efficiency. The Middle East conflict has driven up raw material prices, benefiting the PCB industry. Shenghong Technology rose 7.27%. Based on recent key news: 1. On June 8, Shenghong Technology announced plans to launch a new employee stock ownership plan, with a total investment not exceeding RMB 700 million. This plan is still in the planning stage and requires approval from the board of directors and shareholders, which carries uncertainty. This news boosted market confidence and pushed the stock price up. Source: Economic Information Daily 2. On June 8, JP Morgan initiated coverage on Shenghong Technology with an "Overweight" rating and a target price of HKD 600. JP Morgan is optimistic about the expansion of global high-end PCB demand, especially strong AI demand, and expects the company to be a major beneficiary. This rating further propelled the stock price upward. Source: Economic Information Daily 3. On June 8, Shenghong Technology responded to rumors about executives, emphasizing that the related events are unrelated to the company's production and operational activities, and that all current production and operational activities are normal, with abundant orders and all work progressing in an orderly manner. This statement stabilized market sentiment, leading to a rebound in the stock price. Source: Daily Economic News Global high-end PCB demand is expanding, with strong AI demand Sunny Optical Technology fell by 1.88%. Based on recent key news: 4. On June 8, Sunny Optical Technology is considering issuing approximately RMB 3 billion in dim sum bonds. This will be the company's first issuance of offshore RMB bonds, with plans to promote it as early as this month. After the announcement, market concerns about the company's debt pressure intensified, leading to a decline in stock prices. 5. On June 8, Sunny Optical Technology's US dollar bonds will mature on July 17. The company currently has a similar-sized US dollar bond outstanding, with a principal of USD 400 million. The pressure of debt maturity has increased market concerns about the company's financial condition, further affecting stock prices. 6. On June 8, Sunny Optical Technology's stock faced significant short selling. The amount of short selling reached HKD 184.84 million, accounting for 16.892%. The short selling pressure exacerbated the decline in stock prices. Market concerns about the company's debt pressure intensified, and short selling pressure was significant. **Stocks ranked among the top in industry market capitalization** Lens Technology fell by 1.20%, with a market capitalization of HKD 131.1 billion, and there has been no significant news recently. Trading is active, and capital flows are evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation ### Related Stocks - [01888.HK](https://longbridge.com/en/quote/01888.HK.md) - [00148.HK](https://longbridge.com/en/quote/00148.HK.md) - [02476.HK](https://longbridge.com/en/quote/02476.HK.md) - [02382.HK](https://longbridge.com/en/quote/02382.HK.md) - [06613.HK](https://longbridge.com/en/quote/06613.HK.md) ## Related News & Research - [Does Kingboard Laminates Holdings (HKG:1888) Deserve A Spot On Your Watchlist?](https://longbridge.com/en/news/284095085.md) - [Kingboard to Offload 4.15% Stake in Kingboard Laminates via Discounted Block Trade](https://longbridge.com/en/news/279503947.md) - [Nvidia supplier Victory Giant hit by CEO scandal amid AI stock rout](https://longbridge.com/en/news/289162896.md) - [Nvidia Acquires Kumo AI for $400 Million. 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