On June 2, Kingboard Laminates fell 3.41% in regular trading, trading at HK$46.04/share with trading volume of HK$730 million, extending the prior session's sharp decline of over 12%.
On the news front, the selloff continues as Macquarie previously flagged that the stock's technical indicators (STC and 14-day RSI) had entered overbought territory. The stock accumulated over 60% gains in one month and 548% over 52 weeks, and profit-taking pressure intensified after the company's fourth price hike this year (cumulative increase exceeding 40%) was fully priced in. Market concerns over potential technology route changes — specifically NVIDIA testing PTFE-based orthogonal backplane solutions that may reduce fiberglass cloth usage — further weighed on sentiment. Affiliate Kingboard Holdings simultaneously declined 3.53%, with the broader PCB sector remaining under pressure. Analysts note that AI computing demand and copper-clad laminate supply-demand dynamics have been largely priced in, suggesting short-term technical adjustments may continue.
(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.)
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