---
title: "Citi Reiterates Buy on KB LAMINATES  on Attractive Valuation, Expects New Wave of Price Hikes by CCL Makers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294764100.md"
description: "Citi reiterates a Buy rating on KB LAMINATESwith an unchanged target price of HKD130, citing attractive valuation and expected new CCL price hikes. Driven by strong AI demand, electronic-grade glass fiber cloth prices surged significantly in August. Citi forecasts continued profit growth for KB LAMINATES, estimating Q3 and Q4 net profits to rise to HKD2.5-3.5 billion due to rising average selling prices of key materials and anticipated 10-15% product price increases."
datetime: "2026-08-04T03:31:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294764100.md)
  - [en](https://longbridge.com/en/news/294764100.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294764100.md)
generator: "portal-rs"
---

# Citi Reiterates Buy on KB LAMINATES  on Attractive Valuation, Expects New Wave of Price Hikes by CCL Makers

Citi said in a research report that the latest commodity data showed the average selling price of 1080 electronic-grade glass fiber cloth rose 17% to 18% MoM in August, marking the largest increase YTD. The cumulative increase in electronic-grade glass fiber cloth prices this year reached 118% to 165%. The broker believed strong AI demand drove demand for certain products, prompting manufacturers to shift capacity from non-AI products to AI glass fiber cloth, further tightening industry supply.

The broker believed KB LAMINATES (01888.HK) +0.380 (+1.267%) Short selling $185.82M; Ratio 6.323% currently has an attractive valuation, trading at only about 7x forecast PE for next year, while the dividend yield for next year is expected to exceed 7%. Citi maintained its Buy rating and TP at HKD130 unchanged, equivalent to about 28x to 29x forecast PE for 2027. Citi estimated KB LAMINATES (01888.HK) +0.380 (+1.267%) Short selling $185.82M; Ratio 6.323% 's 2Q net profit rose more than 80% QoQ to about HKD1.8 billion, compared with about HKD1 billion in 1Q. Rising CCL price inflation from July to August implied earnings growth in 2H would outpace that in 1H. Looking ahead, Citi expected KB LAMINATES (01888.HK) +0.380 (+1.267%) Short selling $185.82M; Ratio 6.323% 's net profit in 3Q and 4Q to continue rising to HKD2.5 billion to HKD3.5 billion, benefiting from continued increases in the average selling prices of copper clad laminates, electronic glass fiber cloth and copper foil amid persistent shortages in the AI supply chain.

Citi expected major CCL manufacturers to launch a new round of price hikes. The broker forecast KB LAMINATES (01888.HK) +0.380 (+1.267%) Short selling $185.82M; Ratio 6.323% would announce price increases of about 10% to 15% for CCL products in August. (gc/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-03 16:25.)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**