CLOSED_MARKET: Jun 05, 16:00:00 HKT
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Citigroup raised its target price for KB LAMINATES (01888.HK) to HKD66, prompting the stock to a new record high on expectations of rising material prices.
Hong Kong-listed printed circuit board stocks, led by Kingboard Laminates, surged on May 22, reflecting a broad rally in the electronics component sector.
A Citi report suggests a competitor's expansion may create a buying opportunity for KB Laminates, maintaining a Buy rating and a HKD51 price target.
Citi maintains a 'Buy' rating on KB Laminates, setting a HKD43 target price after the company increased copper clad laminate prices by 10% due to rising material costs.
The current price of KB LAMINATES is $52.3, it has decreased 3.86% in the last trading day.
Kingboard Laminates Holdings Limited belongs to Electrical Equipment industry and the sector is Information Technology
Kingboard Laminates Holdings Limited's current market cap is $163.9B