On July 21, Kingboard Laminates rose 5.06% in regular trading, trading at 42.8 HKD/share, with turnover of HKD 205 million. The rebound comes after the stock plunged over 60% from its high near 107 HKD to below 42 HKD, primarily dragged by intensive director share sales and rumors of Nvidia Kyber architecture delays.
Despite the severe technical selloff, industry fundamentals remain robust. Leading copper-clad laminate manufacturers have implemented 10 rounds of price increases year-to-date, with A-share PCB peers generally reporting doubled earnings growth in their first-half performance guidance. On July 6, the company announced a 15% price hike for FR-4 CCL products, with frequency and magnitude exceeding market expectations. Citibank previously raised its target price from 120 HKD to 130 HKD, maintaining a Buy rating, citing the price increases as above expectations and upgrading earnings forecasts by 11-12% for the next three years. The broader PCB sector continues to show recovery momentum, with peer Kingboard Holdings also gaining on the day.
(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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