New call warrant tracking Kingboard Laminates - an upstream supplier for AI infra
🆕Macquarie Warrants Singapore has listed a new call warrant over Kingboard Laminates Holdings $KB LAMINATES(01888)$ , a stock that has experienced significant volatility over the past six months, with the shares rising 52.6% from HKD 9.56 at the end of June 2025 to its HKD 14.59 closing price as of yesterday
📈The strong share price performance has been driven by robust earnings growth, with the company reporting a 46% increase in 2024 full-year profit to HKD 1.33 billion, and revenue growing 11% to HKD 18.5 billion (MT Newswires)
⛓Kingboard sits in the upstream supply chain for AI infrastructure as it supplies laminate materials to PCB manufacturers who then supply to server and networking equipment makers. These equipment makers in turn supply to data center operators and cloud providers building AI infrastructure
🤖While Kingboard doesn't make AI chips or software directly, the explosive growth in AI data centers—which require trillions in investment —creates sustained demand for the PCB laminates that Kingboard produces. This makes it a leveraged play on AI infrastructure buildout (Bloomberg AI AskB)
✳Macquarie’s new Kingboard call warrant FGUW (https://warrants.com.sg/tools/livematrix/FGUW) costs SGD 0.040 while Kingboard trades at HKD 75.90, and will move approximately 4.3% more than Kingboard based on its effective gearing level of 4.3x as of 914AM this morning
https://warrants.com.sg/tools/livematrix/FGUW
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