On August 11, KINGBOARD HLDG rose 3.03% in regular trading, trading at HK$46.12/share, with turnover of HK$436 million. The stock had plunged over 5% in the prior session and accumulated a drawdown exceeding 60% from its June high, triggering a technical rebound.
On the news front, the company previously issued a positive profit alert, forecasting first-half net profit exceeding HK$2.7 billion, with the copper-clad laminate segment profit surging over 200% year-on-year. The interim results announcement is scheduled for August 24, and the approaching earnings window is providing near-term price support. Additionally, electronic cloth prices in August surged 17-18% month-on-month, signaling accelerating cost pass-through to the CCL segment and opening a new round of price hikes.
However, major shareholders of the Kingboard group have cumulatively cashed out an estimated over HK$20 billion during the year, with sell-downs concentrated around the June price peak. This overhang continues to suppress market sentiment, intensifying short-term bull-bear dynamics.
(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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