Movement Alert|Kingboard Laminates Falls 3.23% in Regular Trading, Profit-Taking Pressure Persists After Volatile Swings and Sector-Wide Weakness

Market Focus06-04

On June 4, Kingboard Laminates fell 3.23% in regular trading, trading at 52.6 HKD/share, with trading volume of approximately 85.56 million HKD. The stock had previously plunged over 12% in a single session before rebounding more than 9% the prior trading day, reflecting intensified short-term bull-bear dynamics.

On the news front, Macquarie previously flagged that technical indicators (STC and 14-day RSI) had entered overbought territory. The stock accumulated over 60% gains in a single month with a 52-week surge of 548%, and profit-taking pressure continues to unwind. Additionally, market concerns regarding NVIDIA's orthogonal backplane PTFE solution without fiberglass cloth have not fully subsided, raising questions about potential technology route shifts that could impact copper-clad laminate demand. The electronic components sector broadly weakened, with affiliate Kingboard Holdings declining 3.35% in tandem. Analysts note that prior AI computing demand and CCL supply-demand tightness have been largely priced in, suggesting short-term technical corrections may persist.

(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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