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<Research>UOB Kay Hian Upgrades KB LAMINATES (01888.HK) to Buy, Raises TP to HKD25.3
Recommend 9 Positive 16 Negative 13 |
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UOB Kay Hian released a research report on KB LAMINATES (01888.HK), which saw its net profit soar by 84% YoY to HKD2.442 billion last year, in light of improved gross margin and investment gains. Excluding investment gains of HKD503 million, last year's core net profit rose by 42% YoY to HKD2.082 billion, below the broker's expectations. The broker raised its revenue forecasts for KB LAMINATES for 2026 and 2027 by 19% and 30%, respectively, and its net profit forecasts by 20% and 32%. The revenue and net profit forecasts for 2028 were HKD30.1 billion and HKD4.2 billion, respectively. The target price was lifted to HKD25.3, and the rating was revised up to Buy. AASTOCKS Financial News Website: www.aastocks.com |
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