On June 9, Kingboard Laminates rose 8.13% in regular trading, trading at HK$61.55/share with turnover of HK$581 million, extending the prior session's 12% surge.
On the news front, the company announced its fourth product price increase this year on May 27, raising board material prices by 10% across all series and PP product prices by 20%, demonstrating its pricing power as the industry leader. Citi recently raised the target price of parent company Kingboard Holdings from HK$65 to HK$90, maintaining a Buy rating, noting the stock still trades below book value. Additionally, MLCC price hike signals have materialized, with Goldman Sachs highlighting MLCC as the third-largest cost item in AI server BOMs. The MLCC pricing logic resonates with tight copper-clad laminate supply-demand dynamics, while AI server PCB value uplift driven by next-generation architectures supports the medium-to-long-term growth thesis.
Within the Electronic Components sector, parent Kingboard Holdings rose 11.15% in tandem.
(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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