The analyst rating for KB LAMINATES was revised up to "Buy" due to a significant increase in net profit, which soared by 84% year-over-year, driven by improved gross margins and investment gains. Although the core net profit, excluding investment gains, rose by 42% but fell short of the broker's expectations, the broker responded by raising its revenue forecasts for 2026 and 2027 by 19% and 30%, respectively, and its net profit forecasts by 20% and 32%. This positive outlook for future revenue and profit growth, along with an increased target price of HKD25.3, contributed to the upgraded rating.
