On August 24, KB LAMINATES declined 3.49% in regular trading, trading at HK$35.76/share, with turnover of HK$210 million. The decline came on the day the company formally disclosed its interim results, with the broader PCB sector also weakening simultaneously.

On the news front, August 24 marks the official interim earnings release date for KB LAMINATES. The company had previously issued a profit alert forecasting first-half net profit exceeding HK$2.8 billion, representing year-over-year growth of over 200%. Despite the strong earnings, the PCB sector faced broad-based selling pressure, with parent company Kingboard Holdings falling 2.56% and sector peers also declining, reflecting short-term profit-taking sentiment.

The stock had previously rebounded after a roughly 60% correction from its June highs. The company completed six rounds of CCL price hikes year-to-date, with cumulative FR-4 price increases exceeding 50%. Multiple investment banks including UBS, Bank of America, and Citi recently initiated or maintained buy ratings, with target prices ranging from HK$53 to HK$92. However, the stock continues to exhibit consolidation behavior around the earnings delivery window as investors lock in gains.

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