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KB LAMINATES: Interim Report 2024
Kingboard Laminates Holdings Limited's (HKG:1888) Dismal Stock Performance Reflects Weak Fundamentals
Is Kingboard Laminates Holdings (HKG:1888) Using Too Much Debt?
Citi: Maintains a 'buy' rating for Kingboard Holdings, with a target price of HKD 27.
Citi released a research report stating that it maintains a "buy" rating on Kingboard Hldg (00148), considering the underperformance and the macroeconomic impact on consumer electronics and manufacturing. Therefore, the profit forecast for Kingboard from 2024 to 2026 is adjusted down by 4% to 15%, with the target price lowered from HKD 30 to HKD 27. The report mentioned that the group's first-half performance fell short of expectations, with revenue and recurring net profit increasing by 9.1% and 8.4% year-on-year, reaching 20.415 billion and 1.507 billion yuan, slightly lower than the bank's forecast of 20.741 billion and 1.714 billion yuan. The bank expressed a more bullish view on Kingboard within the system.
Kingboard Laminates Holdings Logs 72% Higher Profit in H1
Hong Kong stocks | kb laminates (01888) rose more than 4% in the final trading, with a 72% year-on-year increase in net profit, slightly better than Yixin's data.
KB laminates (01888) rose more than 4% in the final trading, up 3.89% as of press time, at HKD 6.94, with a turnover of 29.1512 million Hong Kong dollars.
Kingboard Laminates Holdings Limited Just Missed EPS By 35%: Here's What Analysts Think Will Happen NextNo Data
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