On August 6, KINGBOARD HLDG rose 3.76% in regular trading, trading at HK$46.38/share, with turnover of HK$810 million.
On the news front, data cited by Citigroup shows that August average prices for three major electronic fabric series (1080, 2116, and 7628) rose 17-18% month-over-month, with year-to-date cumulative gains reaching 118-165%. Strong AI demand has intensified supply tightness, prompting manufacturers to shift capacity from non-AI products to AI-related glass fiber cloth. Citi expects major CCL producers to initiate a new wave of price hikes of approximately 10-15%.
The company previously issued a profit alert, forecasting H1 net profit exceeding HK$27 billion, up over 4% year-over-year, with the CCL segment profit surging over 200% compared to the prior year period, serving as the core earnings driver. The company is scheduled to release interim results on August 24. Its subsidiary KB LAMINATES also gained 6.41% in the session.
(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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