KB LAMINATES' stock price soared 5.08% during intraday trading on Thursday, extending its recent strong performance in the market.

The sharp rise is attributed to a significant supply disruption in the global PPE resin market, a core raw material for high-end copper-clad laminates. Middle East conflicts have caused shutdowns at Saudi Arabia's Jubail industrial zone, disrupting approximately 70% of the global supply, which is driving price increases across the PCB supply chain.

Adding to the positive sentiment, the company recently issued its fourth price hike notice this year, raising board material prices by 10% and PP products by 20%, with cumulative increases exceeding 40%, demonstrating strong pricing power. Analyst outlook remains positive, with Citi raising the target price for the parent company and Bank of America noting a stable supply-demand balance with favorable pricing prospects, further supported by the growing demand for PCBs in AI servers.