JPMorgan Chase & Co raised the target price of 00148.HK from 27 yuan to 32 yuan, with a rating of "overweight".

JPMorgan Chase points out that Kingboard Chemical, one of the largest manufacturers of laminates, printed circuit boards and chemicals in China, believes that demand and prices for these products have risen strongly, but manufacturing costs are moderate. therefore, the group's gross profit margin (excluding property sales) should rise by about 3% to 20%. Motors said that the recovery in demand for personal computers, coupled with new industries such as automobiles, LED lights and health care, also led to an increase in demand for laminates in 2016. The bank raised its forecast for the EBIT rate of laminates by 2.5% in the second half of 2016. It also pointed out that the demand for printed circuit boards also increased with the number of customers, while the increase in chemical prices since June was mainly due to strong demand related to infrastructure.

Motors raised its sales forecasts for Kingboard Chemical 2016 and 2017 by 1.5% and 2.4% to reflect strong demand; gross profit margins are expected to rise 1.1% to 1.2%, as sales prices rise faster than costs; net profit forecasts for 2016 and 2017 are expected to rise by 8.4% and 11.8%, respectively, due to increases in selling prices and gross margins of all core businesses.