HU-KBLH@EC2612B

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

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

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 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

Kingboard Benefits from AI Market Growth, Reports Record High Earnings in H1

Kingboard Issues Price Hike Notice to Clients Due to Rising Costs

Company Directors of Buildar Layer Board Exercised Preferential Subscription Rights to Issue 750,000 Shares

Kingboard Raises Copper Clad Laminate Prices Due to Cost Pressures

Guotai Haitong Gives Add 评级 to Kingboard, Bullish on CCL Price Hikes Driving Profit Growth

CHINA TING

BITSTRAT HLDGS

EG LEASING

ZXZN QI-HOUSE

GOLDSTREAM INV

BEST LINKING

ASIA TELE-NET

ASIAPAC FIN INV

MOBI DEV

QUALI-SMART

03277

02038

02589

00699

00325

02522

01440

06166

01888

09885

GPIXEL(03277) rose 36.17%, with a trading turnover 1.5 Billion HKD, and a year-to-date rose 144.5%. FIH(02038) rose 16.46%, with a trading turnover 243.1 Million HKD, and a year-to-date rose 32.9%. AUNTEA JENNY(02589) rose 14.87%, with a trading turnover 210.1 Million HKD, and a year-to-date rose 35.4%.

Top Gainers & Losers

GPIXEL

AUNTEA JENNY

JOYSON ELEC

BLOKS

RIMAG GROUP

STAR SHINE HLDG

KB LAMINATES

Top 10 HK Stock Gainers (4.21)

KB LAMINATES rose 10.96%; Kingboard Group rose 5.98%, with a transaction amount reaching HKD 391 million; Guanghe Technology rose 10.07%, with a transaction amount reaching HKD 348 million; Sunny Optical Technology fell 0.88%, with a transaction amount reaching HKD 318 million; Lens Technology fell 3.55%, with a market value of HKD 104.6 billion

HK Stock Movers Tracker

Hong Kong stock movement: KB LAMINATES rises 10.96%, intensified competition in high-end CCL, how does the market react?

159183

159558

588780

159516

560780

According to statistics from CINNO•ICResearch, the total investment in China's circuit board industry is expected to reach 105.3 billion yuan in 2025, a year-on-year increase of 2.9%. Although the number of investment projects has decreased, the investment scale of individual projects has significantly increased, with the focus shifting towards high-end products. AI computing power dedicated PCBs have become the main growth driver. Automotive electronic PCBs have also performed strongly, benefiting from the development of new energy vehicles and intelligent driving. The overall industry will bid farewell to the mid-to-low-end layout and enter a new stage dominated by high-end products

腾讯新闻 - 财经

China Merchants CSI New Energy Vehicles ETF

E Fund CSI Semiconductor Material & Equipment Thematic ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

SPDR S&P Semicon

Hwabao WP CSI Electronic 50 ETF

Guotai CSI 800 Automobile and Parts ETF

ChinaAMC CSI Auto Components Thematic ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

GF Fund CSI Semiconductor Material Equipment Theme ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

ChinaAMC Guozheng Semiconductor Chip ETF

Dacheng SZSE ChiNext Artificial Intelligence ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Tianhong SSE STAR Chip Design Thematic ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

China Merchants CSI Semiconductor Industry ETF

Guotai CSI New Energy Vehicles ETF

Guotai CSI All Share Integrated Circuit ETF

Ping An CSI Auto Components Thematic ETF

Hua Xia CSI New Energy Vehicles ETF

Direxion Semicon Bull 3X

Harvest CSI All Share Integrated Circuit ETF

Guotai CES Semiconductor Chip Industry ETF

HFT CSI Auto Components Thematic ETF

iShares Semiconductor ETF

Fullgoal SSE STAR Artificial Intelligence ETF

E Fund CSI Auto Components Thematic ETF

Harvest SSE STAR Chip ETF

Institution: In 2025, China's printed circuit board industry investment is expected to grow by 3% year-on-year, with AI computing power PCB becoming the core engine of growth

00148

562590

Citi analyst maintained a Buy rating on Kingboard Laminates Holdings yesterday and set a price target of HK$30.00.Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Currently, the analyst consensus on Kingboard Laminates Holdings is a Moderate Buy with an average price target of HK$25.00.

Tip Ranks

KINGBOARD HLDG

ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF

New Buy Rating for Kingboard Laminates Holdings (1888), the Technology Giant

06088

09988

09618

09698

02057

01385

03896

On March 18th at noon, the three major indices of the Hong Kong stock market collectively adjusted and entered a consolidation period, with the Hang Seng Index closing at 25,824.7 points. The performance of market sectors was mixed, with the electronic components and retail sectors being relatively active, driven by Hongteng Precision and Quantitative Partners, while the weak performance of leading internet stocks dragged the Hang Seng Technology Index down by 0.81%. Influenced by expectations of export recovery and variables in mainland policies, the flow of funds showed structural characteristics, and changes in market volume will dominate the afternoon's rhythm

Market Heartbeat

FIT HON TENG

BABA-W

JD-SW

GDS-SW

ZTO EXPRESS-W

SHANGHAI FUDAN

KINGSOFT CLOUD

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

CAM HS TECH

CSOP HS TECH

ISHARESHSTECH

Tianhong Hang Seng TECH ETF(QDII)

GX HS TECH

HSTECH ETF

Hong Kong Stock Midday Review | Hang Seng Index down 0.17%, maintaining consolidation, GDS and ZTO EXPRESS strengthen against the trend

00700

01024

09926

09999

During the trading session, the three major indices of the Hong Kong stock market maintained high-level fluctuations, with the Hang Seng Index down 0.04%, the Hang Seng TECH Index down 0.67%, and the Hang Seng China Enterprises Index down 0.40%, all failing to break through yesterday's highs, indicating a strong wait-and-see sentiment among investors. In terms of sectors, electronic components and internet content showed mixed performance, while retailers were boosted by certain companies. KB LAMINATES and Tencent Holdings saw active trading, with popular stocks such as Shanghai Fudan and ZTO EXPRESS showing significant gains, while the overall market turnover remained high and volatile

- On March 18, Hong Kong's stock indices showed weak fluctuations, with the Hang Seng Index at 25,858.35, down 0.04%.  
- Investors remained cautious, with limited significant macro data influencing the market; attention was focused on economic growth, inflation, and employment indicators.  
- Notable stocks included Shanghai Fudan, which rose 6.98%, and ZTO Express, which increased 4.76%, amidst a market environment characterized by cautious investor sentiment.

TENCENT

KUAISHOU-W

AKESO

NTES-S

Hang Seng Index

China Southern Hang Seng ETF

Hang Seng TECH ETF I

TRACKER FUND

FI2 CSOP HSI

AXA SPDB CSI Hugangshen Game and Culture Media ETF

ChinaAMC Hang Seng ETF

HSCEI ETF

FI CSOP HSI

Dacheng Hang Seng Technology ETF(QDII)

Hang Seng China Enterprises Index

FL2 CSOP HSI

Hang Seng TECH Index

Hong Kong Stock Market Intraday | Hang Seng Index fluctuates at a high level, MINIMAX-W rises 10.84%

Kingboard Holdings, the parent company of Kingboard Laminates, is set to reduce its stake in the company from 71.10% to 66.95% through a block trade of up to 130 million shares at HK$21.0 each. This move aims to enhance trading liquidity and broaden the shareholder base. Following the placement, Kingboard Holdings will not sell additional shares for 90 days, creating a temporary market constraint. Analysts currently rate Kingboard Laminates stock as a Buy with a price target of HK$16.00.

Kingboard Laminates’ Parent to Cut Stake via HK$21 Block Trade

Kingboard to Offload 4.15% Stake in Kingboard Laminates via Discounted Block Trade

Kingboard to Offload 4.15% Stake in Kingboard Laminates via Discounted Block Trade

Reuters

Kingboard Holdings launches $350 mln Kingboard Laminates block trade, term sheet shows

Kingboard HLDG (148) and KB LAMINATES (1888) announced their annual results, with basic net profit rising 207% to HKD 4.98 billion and revenue increasing 5% to HKD 45.38 billion. The group plans to invest approximately HKD 10 billion in new projects, expecting a significant increase in AI output. The final dividend increased by 51% to HKD 1.51 per share. The supply of specialty electronic glass fiber yarn is in short supply, and plans are underway to expand the factory in Guangdong Province to enhance production capacity

Stheadline

KINGBOARD HLDG increased its dividend last year due to outstanding performance, with new projects worth 10 billion yuan gradually coming into production, expecting a significant increase in AI output value

KB LAMINATES announced its annual results for the year ending December 2025, with revenue increasing by 10.02% year-on-year to HKD 20.4 billion, and net profit attributable to shareholders soaring by 84.16% to HKD 2.442 billion. A final dividend of HKD 0.25 per ordinary share and a special final dividend of HKD 0.28 per ordinary share is proposed. The growth in performance is primarily driven by demand from high-end industries and advantages in the industrial chain, particularly strong demand in the fields of AI and automotive electronics

Tasty Money

KB LAMINATES (1888) shareholders' attributable profit is HKD 2.442 billion, an increase of 84.16% year-on-year

KINGBOARD HLDG plans to invest approximately 10 billion yuan in mainland China, Thailand, and Vietnam to lay out multiple new projects, which are expected to be gradually put into production starting from the second quarter, significantly enhancing the group's output value. Chairman Daniel Zhang stated that the demand for AI data centers and related materials is strong. Last year's revenue was 45.375 billion yuan, with a net profit of 4.402 billion yuan, and it is proposed to distribute a final dividend of 11.1 cents per share and a special dividend of 4 cents

AASTOCKS

KINGBOARD plans to invest 10 billion in multiple new projects in mainland China, Thailand, and Vietnam

HU-KBLH@EC2612B(28122.HK)

HU-KBLH@EC2612B Stock Performance Chart

Top 10 HK Stock Gainers (4.21)

Hong Kong stock movement: KB LAMINATES rises 10.96%, intensified competition in high-end CCL, how does the market react?

Institution: In 2025, China's printed circuit board industry investment is expected to grow by 3% year-on-year, with AI computing power PCB becoming the core engine of growth

New Buy Rating for Kingboard Laminates Holdings (1888), the Technology Giant

Hong Kong Stock Midday Review | Hang Seng Index down 0.17%, maintaining consolidation, GDS and ZTO EXPRESS strengthen against the trend