On June 29, Kingboard Laminates (01888.HK) fell 3.09% in regular trading, trading at HK$92.6/share, with turnover of HK$2.087 billion. The stock continues to retreat from its 52-week high of HK$107.2 reached earlier this month.
The broader Electronic Components sector is experiencing widespread selling pressure, with parent company Kingboard Holdings declining 5.38%, Sunny Optical down 5.99%, and other sector constituents including VGT (-2.39%) and Lens Technology (-2.85%) also weaker. The pullback follows a parabolic YTD rally of over 570% for Kingboard Laminates, driven by AI-fueled demand for copper-clad laminates and five rounds of product price hikes totaling over 40% in cumulative increases. Recent filings disclosed that Kingboard Holdings conducted a block trade of 155 million shares at HK$76 apiece, raising HK$11.78 billion, while the parent company's major shareholder has cumulatively cashed out approximately HK$8.944 billion in recent days, adding to near-term overhang pressure.
(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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