Citi raised its earnings forecasts for KINGBOARD HLDG by 50% to 61% for 2026 to 2028 due to shortages of glass fiber, copper foil, and copper clad laminates amid increased AI infrastructure investment. The bank also raised its target price from HKD48 to HKD65, expecting the laminates segment to significantly contribute to net profit. They believe the current valuation is unreasonable and see KINGBOARD HLDG as a good investment opportunity, reiterating their Buy rating.
