[ET Net News Agency, 31 August 2021] Citi lowered its target price for KB Laminates
(01888) to HK$23 from HK$26 and maintained its "buy" rating.
The research house said downside risks that could impede the stock from reaching the
target price include (1) slower-than-expected economic growth in China and overseas amid
the economic resurgence after COVID-19, (2) slower-than-expected copper cost inflation,
(3) worse-than-expected competition from the entry of new laminate players in China. (RC)