Citi Raises KINGBOARD HLDG TP to HKD65 on AI Infrastructure Boost
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Citi has raised its earnings forecasts for KINGBOARD HLDGby 50% to 61% for 2026-2028 and increased its target price from HKD48 to HKD65. This adjustment is attributed to shortages in glass fiber, copper foil, and copper clad laminates due to a surge in AI infrastructure investment. The bank anticipates a significant shift in KINGBOARD HLDG's earnings mix towards the laminates segment, projecting its contribution to net profit to rise from 38% in 2025 to 87% in 2028. Citi maintains a Buy rating on the stock.
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