Citi Raises KB LAMINATES Price Target to HKD20.5 Following Inclusion in Nvidia Supply Chain
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 26 2025
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Source: aastocks
Company Performance: KB LAMINATES reported a 28% increase in net profit for 1H25, reaching HKD933 million, which aligns with Citi's forecast.
Core Earnings Insight: The company's core earnings grew by only 10% year-over-year to HKD860 million, falling short of expectations due to rising costs outpacing average selling prices.
Target Price Adjustment: Citi raised its target price for KB LAMINATES from HKD14 to HKD20.5, anticipating the company's entry into Nvidia's supply chain by the end of 2025.
Stock Preference Shift: Citi has shifted its stock preference within the Chinese copper-clad laminate supply chain from SYTECH to KB LAMINATES, indicating a strategic change in investment focus.
Analyst Views on 00148
Wall Street analysts forecast 00148 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00148 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 28.200
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Current: 28.200
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
