HK Stock Market Move | KB LAMINATES(01888) rose nearly 6% in early trading. The company plans to expand its production capacity of special glass fiber cloth. Institutions are bullish on the upstream segment of PCB.

KB LAMINATES (01888) rose nearly 6% in early trading, and as of the time of this report, it was up 3.82% to HK$20.66, with a trading volume of HK$2.03 billion. In terms of news, KB LAMINATES recently announced that they achieved a revenue of HK$20.4 billion for the year, an increase of 10% year-on-year; and a net profit attributable to owners of HK$2.442 billion, an increase of 84.16% year-on-year. Dahua Securities pointed out that KB LAMINATES plans to expand the annual production capacity of special glass fiber cloth to 2,000 tons this year, and plans to further increase it by 4,000 tons by the end of this year or the beginning of 2027. The bank predicts that the revenue contribution from special glass fiber cloth will reach 3% and 12% respectively this year and next year. Northeast released a research report stating that AI computing power is driving demand, and the PCB industry is entering a new cycle of rising quantity and price; the upstream of the PCB has become the biggest expectation gap. The bank pointed out that CCL prices continue to rise, driven by demand and upstream inflation. In the first half of 2025, the prices of major raw materials such as copper, resin, and glass fiber cloth in the upstream of the CCL industry showed a general trend of fluctuation and increase. With the pressure of continuous cost increases, many copper clad laminate manufacturers have raised their product prices. In addition, the performance of upstream copper foil, electronic cloth, resin in the CCL industry is worth looking forward to.