On July 22, Kingboard Holdings fell 3.51% in regular trading, trading at HK$55.6/share, with turnover of HK$734 million.
On the news front, the PCB sector retreated after recording a strong rebound the previous session, with subsidiary KB Laminates declining approximately 5% in the same session, dragging down the broader Kingboard complex. Kingboard Holdings had rallied over 8% on July 21 amid a sector-wide recovery driven by AI server and high-end PCB demand expectations.
However, sustained selling by controlling shareholder Hallgain Management Limited continues to weigh on sentiment. Since early July, Hallgain has reduced its stake from 34.3% to approximately 31.54%, with cumulative disposals exceeding HK$2.5 billion. Chairman Zhang Guorong has simultaneously sold shares personally, with the most recent transaction on July 13 at HK$64.17 per share. The stock has now fallen over 60% from its June high of HK$151.8, and persistent supply-side pressure from insiders appears to cap near-term recovery potential despite supportive industry fundamentals.
(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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