On September 21, KINGBOARD HLDG rose 3.32% in regular trading, trading at HK$57.55/share, with turnover of HK$180 million. The stock extended recent gains as its largest shareholder continued to build its position through persistent open-market purchases.
According to Hong Kong Stock Exchange filings, Hallgain Management Limited purchased 200,000 shares on September 17 at an average price of approximately HK$54.59, raising its stake to 31.80%. This marks at least the seventh round of buying since late August, with Hallgain having accumulated shares on August 26, August 27, September 3, September 4, September 9, September 15, and September 16, deploying over HK$100 million in aggregate. Chairman Zhang Guorong has also made multiple personal purchases, most recently acquiring 82,500 shares at HK$51.70 on September 7, lifting his stake to 0.33%.
The sustained insider buying comes on the heels of robust interim results. The company reported first-half revenue of RMB 29.13 billion, up 35% year-over-year, with PCB segment revenue rising 23% to RMB 7.94 billion. Operating cash flow surged 308% year-over-year. Within the Electronic Components sector, KB LAMINATES gained 3.1%, DELTON rose 13.38%, and VGT climbed 4.61%.
(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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