JP-KBLH@EC2611B

Citibank Upgrades Earnings Forecast for Kingboard to 2028

PCB Substrate Supplier's Copper Clad Laminate Delivery Lead Time Extended to Six Weeks

Citi Raises Target Price for Taconic to HKD 43 with 'Buy' Rating

Guangdong Taconic Build-up Board Sales Co., Ltd. Raises Prices for Copper Clad Laminates and Prepreg Sheets

Keenon Build-up Boards Stock Price Hits New High Benefiting from AI Infrastructure Boom

Citibank Raises Profit Forecast and Target Price for Baotai Laminates

Kingboard to Place Shares in Kingboard Laminates

DAH CHONG HONG Upgrades Target Price for Kinsus to HKD 25.3 and Rates as Buy

Citibank Raises Forecast and Target Price for Kingboard

Kingboard Plans to Invest Hundreds of Billions in New Projects

KB Laminates released FY2025 9 Months Earnings on March 16, 2026 (BJT), with actual revenue of HKD 14.99 B and actual EPS of HKD 0.5391

KB LAMINATES released FY2025 Q3 earnings on March 16 (BJT), actual revenue HKD 5.406 B, actual EPS HKD 0.2402

KB Laminates released FY2025 earnings on March 16 Pre-Market (BJT), actual revenue HKD 20.4 B (forecast HKD 21.83 B), actual EPS HKD 0.78 (forecast HKD 0.715)

KB LAMINATES released FY2025 Q4 earnings on March 16 Pre-Market (BJT), actual revenue HKD 5.406 B, actual EPS HKD 0.2401

KB LAMINATES to release FY2025 earnings on March 16, Pre-Market BJT; forecast revenue HKD 21.83 B, EPS HKD 0.715

Guotai Haitong Securities Maintains Buy Rating on Tate & Lyle Circuit Boards

Kamfoo Group's Net Profit Expected to Exceed HK$4.32 Billion in 2025

Kebo PCB Anticipates Over 80% Profit Growth to Exceed HK$2.39 Billion in 2025

Citi Gives Taconic Laminate Board an Overweight Rating, Dechert Motor Holdings a Neutral Rating

RADIANCE HLDGS

ANCHORSTONE

RIVERINE CHINA

REACH NEW HLDGS

FINELAND LIVING

NUR HOLDINGS

GOLDEN LEAF INT

UBOT HOLDING

MAN YUE TECH

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The AI PCB sector is experiencing significant interest, with KINGBOARD HLDGreaching a record high of HKD55.95, up 7.14%. Its subsidiary, KB LAMINATES, also saw gains, while newly listed VGThit a post-listing high of HKD390. Citi raised its price target for KINGBOARD HLDG to HKD65 and increased earnings forecasts for 2026-2028 by 50% to 61%, citing a shift towards laminates in earnings contribution. Citi maintains a Buy rating, suggesting KINGBOARD HLDG as a strong investment opportunity.

AASTOCKS News

KB LAMINATES

KINGBOARD HLDG

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

AI PCB Sector Sought After; KINGBOARD HLDG , VGT  Hit Record Highs; Citi Lifts KINGBOARD HLDG TP to HKD65, Reiterates Buy

KB LAMINATES (1888.HK) current price is 43.380, up 5.24% for the day, with the stock price reaching a historical high and a market capitalization of 136 billion. The company is a leader in electronic materials, stimulated by Citigroup raising its target price to 65 yuan and maintaining a "Buy" rating, with the market optimistic about its future profitability. Recent trading has been active, with continuous capital inflow, and investors are focused on the group's expansion and performance growth

Movers Alert

Kingboard Laminates Surges to Record High

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Hong Kong PCB concept stocks experienced gains during trading. According to Jin10, Guanghe Technologysaw an increase of over 10%, Kingboard Laminatesrose nearly 9%, and Kingboard Holdingsclimbed 4.5%. Other stocks, such as Han's CNC, also followed the upward trend.

CoinLive

FIBOCOM

DELTON

HANS CNC

Han's CNC

STOCKS | Hong Kong PCB Concept Stocks Rise

KB LAMINATES (1888.HK) current price is 39.280, up 9.11% for the day, with the intraday stock price reaching a historical high and a market capitalization of 122 billion. As a leader in the copper-clad laminate industry, the stock price has strengthened recently due to speculation around AI concepts, hitting a peak during today's trading but experiencing a significant pullback at high levels. The short-term volatility, in the absence of major news, may be related to sector capital flows and market sentiment

Kingboard Laminate Surges to New High, Pulls Back

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ILUVATAR COREX(09903) rose 21.3%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 222.1%. BIREN TECH(06082) rose 8.22%, with a trading turnover 431.3 Million HKD, and a year-to-date rose 137.8%. YOFC(06869) fell 13.78%, with a trading turnover 7.4 Billion HKD, and a year-to-date rose 284.9%. EASTROC(09980) fell 9.73%, with a trading turnover 140.2 Million HKD, and a year-to-date fell 18.5%.

- The Hang Seng Index fell by 1.28%, with a year-to-date increase of 0.6%.  
- The Hang Seng Tech Index declined by 0.79% and is down 11.7% for the year.  
- Notably, Tianzu Zhi Xin (09903) rose by 21.3%, while Wallran Technology (06082) increased by 8.22%, and Changfei Fiber Optic Cable (06869) dropped by 13.78%.

Top Gainers&Losers

ILUVATAR COREX

BIREN TECH

SMIC

WEICHAI POWER

KNOWLEDGE ATLAS

YOFC

EASTROC

NIO-SW

OMNIVISION

Top 5 HK Stock Gainers/Losers (>100B) (4.30)

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Citi's report indicates that KB LAMINATEShas increased the average selling price of copper clad laminates (CCL) by 10% to around RMB170 per sheet due to a shortage of glass fiber and rising copper costs. The company plans to issue an RMB8 billion syndicated loan to refinance an upcoming loan maturity and aims to build new production facilities for higher specification circuit boards. Citi has set a target price of HKD43 for KB LAMINATES, with a Buy rating, reflecting a forecast PE of 19x for next year.

Yinhua CSI Non-ferrous Metal ETF

China Southern CSI SWS Non-Ferrous Metal ETF

Guotai CSI Non-ferrous Metal ETF

Citi: KB LAMINATES  Raises CCL Prices, TP HKD43

KB LAMINATES (1888.HK) current price is 34.820, down 7.15% for the day, with an intraday decline exceeding 8%, and a market capitalization of 108 billion. The company is a leader in the copper-clad laminate industry, and recently, due to the industry's price increase exceeding expectations, profit margin forecasts have surged. Although it announced a price increase recently, today's stock price is under significant pressure, possibly affected by short-term capital profit-taking. Macquarie has advised to pay attention to the trading situation of newly listed warrants

Kingboard Laminate (1888.HK) Shares Drop Sharply

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WUXI APPTEC(02359) rose 13.57%, with a trading turnover 3.0 Billion HKD, and a year-to-date rose 45%. KB LAMINATES(01888) rose 7.35%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 170.1%. KNOWLEDGE ATLAS(02513) fell 12.52%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 588.5%. CATL(03750) fell 6.88%, with a trading turnover 9.3 Billion HKD, and a year-to-date rose 26.4%.

WUXI APPTEC

CHINA COAL

MUYUAN

FAST RETAIL-DRS

CATL

HORIZONROBOT-W

CHINAHONGQIAO

GWMOTOR

Top 5 HK Stock Gainers/Losers (>100B) (4.28)

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WUXI APPTEC(02359) rose 13.57%, with a trading turnover 3.0 Billion HKD, and a year-to-date rose 45%. RS MACALLINE(01528) rose 11.11%, with a trading turnover 129.4 Million HKD, and a year-to-date rose 23%. JOINN(06127) rose 9.26%, with a trading turnover 216.2 Million HKD, and a year-to-date rose 14.6%.

JP-KBLH@EC2611B(29289.HK)

AI PCB Sector Sought After; KINGBOARD HLDG , VGT Hit Record Highs; Citi Lifts KINGBOARD HLDG TP to HKD65, Reiterates Buy