Movement Alert|Kingboard Holdings Rises 5.15% in Regular Trading, CCL Supply-Demand Tightness and Citi Target Price Upgrade Drive Rally

Market Focus05-26 09:33

On May 26, Kingboard Holdings rose 5.15% in regular trading, trading at 61.0 HKD/share, with trading volume of HKD 211 million, continuing to set all-time highs.

On the news front, global copper clad laminate (CCL) supply-demand remains severely tight. Korean PCB manufacturers have engaged in panic buying, with single pre-order volumes reaching five times normal monthly levels, while delivery cycles for high-end products have extended from 2-4 weeks to over 6 weeks. Korean March CCL import average prices surged 74.5% year-over-year, hitting the highest level since 2000. Kingboard Laminates has raised prices three times year-to-date, with cumulative increases exceeding 40%, demonstrating strong cost pass-through capabilities among leading players.

Additionally, Citigroup raised its target price for Kingboard Holdings from HKD 48 to HKD 65, reiterated a buy rating, and lifted earnings forecasts by 50% to 61%, noting the current price-to-book ratio of merely 0.8x suggests significant valuation recovery potential. Peer stock KB Laminates rose 5.87% intraday, reflecting pronounced sector linkage.

(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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