HK Stock Market Move | KB LAMINATES (01888) surged over 8% in early trading, with its mid-term net profit soaring by 209%. The profit in July was approximately HKD 1.1 billion.

KB LAMINATES (01888) surged by over 8% in early trading, and as of the time of writing, it is up 5.53%, trading at HK$37.04, with a turnover of HK$1.248 billion. In terms of news, KB LAMINATES announced its performance, which was driven by the accelerated industrialization of AI. The demand for copper-clad laminates and their upstream materials has outstripped supply. In the first half of the year, revenue reached HK$14.904 billion, representing a year-on-year increase of 55.44%; net profit attributable to shareholders was HK$2.887 billion, a year-on-year increase of 209.28%. The company plans to declare an interim dividend of HK$0.28 per share, an increase of 87% year-on-year. It is noteworthy that the company stated that by the second half of 2026, the shortage of electronic glass fiber cloth will become even more severe, and the prices of copper-clad laminates and their upstream materials will continue to soar. The company's profit for July 2026 is expected to be around HK$1.1 billion, setting a record high for a single month. Citigroup has raised its earnings forecast for 2026 to 2028 by 9%-10% due to the company's July earnings being slightly better than expected and has increased the target price to HK$95.