HK Stock Market Move | KB LAMINATES (01888) rose nearly 7% to a record high, with an expected full-year net profit exceeding HK$2.39 billion, representing a year-on-year growth of over 80%.

KB LAMINATES (01888) rose nearly 7% after the profit announcement, reaching a high of 20.7 Hong Kong dollars, setting a new historical high. As of press time, it rose by 5.52%, to 20.48 Hong Kong dollars, with a turnover of 1.91 billion Hong Kong dollars. On the news front, KB LAMINATES announced a profit announcement, expecting a net profit of over 2.39 billion Hong Kong dollars in 2025, an increase of more than 80% year-on-year. This is mainly due to the strong demand for copper-clad laminates and upstream materials including glass fiber yarn, glass fiber cloth, and copper foil. The group's products have seen a significant increase in unit prices and sales volume compared to the same period in 2024, and current market demand remains strong. The profit of the group's investment business segment also saw growth. Citigroup previously released a research report stating that due to the high concentration in the copper-clad laminate industry, leading companies with technological and cost advantages have the ability to pass on the pressure of rising raw material prices to downstream printed circuit board customers. EB SECURITIES also stated that KB LAMINATES' copper-clad laminates have strong bargaining power and cost transmission capabilities, and the tight supply + upward copper price cycle is favorable for prices and profits.