Movement Alert｜KINGBOARD HLDG Falls 3.14% in Regular Trading, Extending Multi-Day Pullback as CCL Sector Profit-Taking Continues

Market Focus09-03

On September 3, KINGBOARD HLDG fell 3.14% in regular trading, trading at 50.85 HKD/share, with turnover of 335 million HKD. The decline marks the third consecutive session of weakness after the stock surged on subsidiary price hike catalysts in late August.

The continued selloff follows sector-wide profit-taking across the copper-clad laminate (CCL) chain. After subsidiary KB Laminates issued its seventh price increase of the year — raising FR-4 CCL prices by 10% and thin-cloth PP by 20%, pushing cumulative price hikes past 100% — the sector entered a correction phase. On September 1, peer stocks including KB Laminates, Guanghe Technology, and Shenghong Technology all declined between 1.7% and 4.4%. KINGBOARD HLDG itself dropped 5.18% on September 2 on heavy volume of 1.652 billion HKD.

Meanwhile, exchange filings revealed a significant share transfer on September 2, with 25.46 million shares moved into HSBC and 25.87 million shares transferred out of Citibank, totaling 2.536 billion HKD in transfer value representing 4.41% of outstanding shares. Chairman previously expressed confidence that both group companies would achieve over 10 billion HKD in full-year profit, supported by AI-driven demand for glass cloth and CCL products.

(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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