Broker Raises Kingboard Laminates Target to HK$96 on Glass Fabric Price Strength

Bullish · $1888.HK · $0148.HK

What Happened

An institutional note reports that October 2026 electronic-grade fiberglass fabric prices rose 13-16% month-on-month, exceeding market expectations, prompting the broker to raise 2026-2028 earnings forecasts by 8-13% and lift its target price to HK$96.

Bottom Line

The broker remains bullish on Kingboard Laminates, raising its target price to HK$96 on stronger-than-expected fiberglass fabric prices and a favorable relative valuation versus Kingboard Holdings.

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