JPMorgan: Initiates Kingboard Laminates (01888.HK) with "Overweight" Rating, Target Price HK$65

Zhito Finance APP has learned that JPMorgan released a research report stating that it has initiated coverage on Kingboard Laminates (01888.HK) with an "Overweight" rating and a target price of HK$65, equivalent to 21 times and 13 times the forecast price-to-earnings ratios for 2026 and 2027, compared with an average of 12.5 times over the past 10 years. The bank pointed out that the company is the world's largest producer of conventional copper clad laminates (CCL), and is also one of only two companies with a fully integrated printed circuit board (PCB) materials supply chain, with the other being Taiwan's Nan Ya Plastics.