On May 20, Kingboard Laminates rose 3.48% in regular trading, trading at 45.64 HKD/share, with trading volume of 338 million HKD, rebounding after multiple consecutive sessions of decline.
On the news front, the copper clad laminate (CCL) industry continues to experience tight supply-demand conditions. Korean PCB manufacturers reportedly placed extraordinary pre-purchase orders with Chinese CCL suppliers amid supply disruption concerns, with delivery cycles for certain high-end products extending beyond six weeks. The company previously announced two rounds of 10% price increases across all CCL products within April, resulting in a cumulative increase exceeding 40%, demonstrating strong cost pass-through capability.
Citi maintains a Buy rating on the stock with a target price of 51 HKD, noting that weaving loom supply constraints will limit industry capacity growth over the next two years. Parent company Kingboard Holdings also gained 2.2% on the day, indicating recovering sector sentiment following the prior week's correction triggered by China Jushi's capacity expansion announcement.
(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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