On September 9, KB LAMINATES rose 3.27% in regular trading, trading at 47.46 HKD/share, with turnover of 114 million HKD, rebounding from the prior session's 3.90% decline.
On the news front, the company recently announced a 10% price increase on all FR-4 copper-clad laminates and a 20% hike on thin-cloth prepreg, marking its seventh price increase letter issued this year. Since March, the company has maintained a roughly monthly cadence of price hikes, with cumulative increases exceeding 100%.
Meanwhile, controlling shareholder affiliate Kingboard Investments Limited purchased shares on multiple consecutive trading days from late August through early September, lifting its long position from 5.05% to 5.26%. Chairman Zhang Guohua also personally acquired 200,000 shares on September 4 at approximately 43.60 HKD per share, totaling around 8.72 million HKD, reinforcing positive signals. Citi has reiterated a Buy rating with a target price of 95 HKD, anticipating a further CCL price hike in early October to pass through costs.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)