KB LAMINATES (01888) experienced a significant intraday surge of 5.09% on Tuesday, reflecting strong investor confidence in the company's prospects.
The rally was supported by persistent southbound capital inflows, with funds net purchasing the stock for 15 consecutive trading days. Additionally, the company has implemented five rounds of price hikes year-to-date, with the latest increase of 15% for FR-4 and prepreg prices taking effect recently.
Fundamental factors driving the optimism include Citi raising its target price for the stock and projecting a 273% year-over-year surge in first-half net profit. Industry dynamics, such as tight electronic glass fabric supply, robust AI-related demand, and anticipated advance stocking ahead of Nvidia Rubin's full production, are expected to further tighten upstream supply chain conditions.