Citigroup expects that the shareholder's earnings per share of KB Laminates (01888) in the first half of this year will increase by 82% year-on-year to 768 million yuan.
Zhongtong Finance APP learned that Citigroup released a research report stating that after the stock price of KB Laminates (01888) fell by 17%, it reiterated a "buy" rating and initiated a 90-day upward catalytic observation because it is expected that the company will announce a profit in mid-July; It is expected that the shareholder's earnings per share of the company will increase by 82% year-on-year to 768 million yuan in the first half of this year. The target price is HKD 12.5, and the expected compound annual growth rate of earnings per share from 2021 to 2026 is 60%.
The bank mentioned that the company's stock price has fallen by about 17% from the beginning of the year to the present, while the copper price has fallen by about 10% to $9,600 per ton during the same period. Citigroup's global commodity team expects that because the energy in mainland China is shifting from oil to electricity, such as electric vehicles, cecep solar energy, wind energy, etc., all have demand for copper, and the copper price will rise to $12,000 per ton in early 2025. In the past decade, the company's stock price has been closely linked to the cost of copper, which is the company's largest cost component.