KB Laminates (01888) rose more than 4% against the market. As of press time, it rose 3.67% to HKD 8.19, with a turnover of HKD 37,551,400.
According to the WiseNews app, KB Laminates (01888) rose more than 4% against the market. As of press time, it rose 3.67% to HKD 8.19, with a turnover of HKD 37,551,400.
Citigroup released a research report stating that it will initiate a 90-day upward catalytic observation on KB Laminates due to the expected release of profit news in mid-July; it is expected that the company's shareholder earnings in the first half of this year will increase by 82% year-on-year to RMB 768 million. The report 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 during the same period has fallen by about 10% to USD 9,600 per ton. In the past ten years, the company's stock price has been closely related to the cost of copper, which is the company's largest cost component.
Kaiyuan Securities pointed out that the company's direct customers are PCB manufacturers, and the downstream end customers are mainly in the automotive, home appliance, consumer electronics, server and other industries. Overall, home appliances and automobiles have high prosperity and growth certainty; consumer electronics are entering the rebound phase. Because the company's customer structure is highly diversified, the proportion of revenue from the top five customers is less than 30%, and the estimated contribution of the largest external customer income is between 2% and 3%. The company faces strong bargaining power from downstream PCB manufacturers, allowing it to respond first to price increases in the highly prosperous stage of the industry.