On May 21, Kingboard Holdings rose 4.53% in regular trading, trading at 55.45 HKD/share, with trading volume of HK$104 million, continuing to set consecutive all-time highs.
On the news front, global copper clad laminate (CCL) supply-demand tightness has intensified significantly. Korean PCB manufacturers have engaged in panic buying, with single pre-purchase orders exceeding five times normal monthly volumes. Delivery lead times for premium products have extended from 2-4 weeks to over 6 weeks. According to Korean customs data, March CCL import average prices surged 74.5% year-over-year, hitting the highest level since 2000. Kingboard Laminates, the group's subsidiary, has raised prices three times this year with cumulative increases exceeding 40%.
Additionally, Citigroup recently raised its target price for Kingboard Holdings from HK$48 to HK$65, reiterating a buy rating while lifting earnings forecasts by 50% to 61% for the next three fiscal years. The bank noted that AI infrastructure investment is driving shortages in glass fiber, copper foil, and CCL, and expects the laminates segment to account for 87% of group net profit by 2028, up from 38%. Citi highlighted that Kingboard's forward price-to-book ratio of just 0.8x is far below its subsidiary's 6.8x, indicating significant valuation recovery potential.
(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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