On September 15, KB LAMINATES rose 3.12% in regular trading, trading at HK$47.46/share, with turnover of HK$227 million, rebounding from the prior session's 3.63% decline.
On the news front, major shareholder Hallgain Management Limited has been steadily accumulating shares in recent sessions. Filings show Hallgain purchased 1 million shares at HK$45.80 each on September 8, 600,000 shares at HK$46.82 on September 7, and approximately 2.55 million shares at HK$44.562 on September 4, lifting its stake to 62.04%. Company Chairman Zhang Guohua also acquired 200,000 shares at approximately HK$43.60 on September 4. Meanwhile, KB LAMINATES has raised CCL prices seven times since March, with FR-4 CCL cumulative gains exceeding 100% on a compounded basis. Driven by the pricing momentum, the company reported H1 revenue of HK$14.904 billion, up 55% year-over-year, and net profit attributable to shareholders of HK$2.887 billion, surging 209%. Citi reiterated its Buy rating with a target price of HK$95, anticipating a further CCL price increase in early October to pass through costs.
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