UBS: Initiates "Buy" rating for KB LAMINATES (01888) with a target price of HKD 58.
Jiantao Laminates, as the world's leading traditional FR4 copper-clad board supplier, will become a major beneficiary.
UBS released a research report stating that it has initiated coverage of KB LAMINATES (01888) with a "Buy" rating, believing that the approximately 60% decline in stock price since June's high presents an attractive opportunity, setting a target price of HK$58. The demand for AI is driving tighter supply of copper-clad laminates (CCL) and upstream raw materials, and KB LAMINATES, as the world's leading traditional FR4 copper-clad laminate supplier, will be a major beneficiary.
The report pointed out that even if this round of the traditional copper-clad laminate upcycle comes to an end, it does not expect the company's profits to decline as they have in past cycles, because the company is expanding its AI-related upstream materials and copper-clad laminate business, which will bring new structural growth momentum. Its vertically integrated business model is also a key differentiation advantage.
Related Articles
HK Stock Market Move | The property stocks rose broadly in the morning session. Over the first weekend after the implementation of the "eight measures" in Shanghai, the phenomenon of "daylight disk" reappeared. Institutions expect core city housing prices to gradually find a bottom.
HK Stock Market Move | SIGENERGY Source (06656) surged nearly 9% during the trading session, with adjusted net profit for the first half of the year increasing by over 1.35 times year-on-year. The company has been included in the Hang Seng Composite Index.
HK Stock Market Move | NAGACORP (03918) fell over 5%, with mid-term net profit decreasing by 3.2% year-on-year and total gaming revenue dropping by 8.6%.
HK Stock Market Move | The property stocks rose broadly in the morning session. Over the first weekend after the implementation of the "eight measures" in Shanghai, the phenomenon of "daylight disk" reappeared. Institutions expect core city housing prices to gradually find a bottom.
HK Stock Market Move | SIGENERGY Source (06656) surged nearly 9% during the trading session, with adjusted net profit for the first half of the year increasing by over 1.35 times year-on-year. The company has been included in the Hang Seng Composite Index.
HK Stock Market Move | NAGACORP (03918) fell over 5%, with mid-term net profit decreasing by 3.2% year-on-year and total gaming revenue dropping by 8.6%.
RECOMMEND
