On July 20, Kingboard Holdings rose 3.89% in regular trading, trading at 52.85 HKD/share, with turnover of 1.36 billion HKD. The stock rebounded alongside a broader recovery in the PCB sector following a steep correction from its June high of 151.8 HKD to approximately 50 HKD, representing a cumulative drawdown exceeding 60%.
The prior selloff was triggered by multiple headwinds including intensive insider disposals — Chairman Zhang Guorong sold 100,000 shares at approximately 64.17 HKD per share, while controlling shareholder Hallgain Management reduced its stake from 34.3% to 31.54% through a series of block sales totaling over 3.2 billion HKD. Additionally, New York State's executive order banning data centers exceeding 50 megawatts weighed heavily on AI hardware names. Subsidiary KB Laminates rose 4.24% in tandem today, suggesting sector-wide stabilization as oversold conditions attract buying interest.
(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.)
Comments