On September 24, KB LAMINATES fell 3.43% in regular trading, trading at 49.84 HKD/share, with turnover of approximately HKD 478 million. The decline came as the stock pulled back following a sharp 10%-plus rally in the prior session.

The previous day's surge was driven by JPMorgan initiating coverage with an Overweight rating and a 65 HKD target price, implying roughly 41% upside. JPMorgan projected the company's EPS to grow eightfold between 2025 and 2028, citing CCL price hikes, capacity expansion, and a 75% increase in weaving loom capacity over the next two years. The prior session closed at 51.05 HKD with an outsized turnover of HKD 6.1 billion.

Meanwhile, major shareholders including Hallgain Management Limited and Kingboard Holdings Limited have conducted intensive open-market purchases since early September, lifting their combined long position to approximately 62.16%. The company reported first-half revenue of approximately HKD 14.9 billion, up 55% year-on-year, with adjusted net profit surging 209%. Despite strong fundamentals and institutional endorsements, elevated short-term gains prompted profit-taking pressure in today's session.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)