---
title: "Citi raised the target price for Kingboard Laminates to HKD 28, exceeding earnings expectations"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276674681.md"
description: "Citi has raised the target price for Tsinghua Unigroup to HKD 28, as its earnings forecast indicates a net profit expected to grow by over 80%, exceeding expectations. Citi also raised its earnings forecasts for 2025 to 2027, noting that key catalysts include price increases and the development of AI glass fabric. The stock has risen over 50% year-to-date, and Citi believes that if the stock price corrects, it will present a better buying opportunity"
datetime: "2026-02-24T02:35:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276674681.md)
  - [en](https://longbridge.com/en/news/276674681.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276674681.md)
---

# Citi raised the target price for Kingboard Laminates to HKD 28, exceeding earnings expectations

Citi published a research report indicating that Kingboard Laminates (01888.HK) released a positive profit forecast for last year, expecting net profit to grow by over 80% year-on-year to more than HKD 2.39 billion, surpassing the bank's forecast of HKD 2.14 billion. As a result, the bank has raised its earnings forecasts for Kingboard Laminates for 2025, 2026, and 2027 by 8%, 6%, and 8% respectively, and increased the target price from HKD 20.5 to HKD 28.

The bank believes that the key catalysts for Kingboard Laminates include: 1) the expectation that the average selling price will further increase in the first half of this year to catch up with recent copper cost inflation; 2) after the 2025 earnings announcement, management will provide more positive information regarding the development of AI glass fabric.

The stock has risen over 50% year-to-date, and Citi believes this should largely reflect the factors of the positive profit forecast. The bank stated that if the stock price corrects, it would be a better buying opportunity, and prefers Kingboard Laminates over Kingboard Group (00148.HK)

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