On July 14, Kingboard Laminates (01888.HK) rose 7.74% in regular trading, trading at HK$54.05/share, with turnover of HK$461 million. The stock staged a technical rebound following a prolonged and steep selloff driven by multiple negative catalysts.
The prior decline was triggered by intensive share disposals from multiple directors — including executive director Zhang Guoqiang selling 200,000 shares at HK$71.5 on July 8, Zhang Guohua disposing of 300,000 shares on June 30, and three directors collectively reducing holdings by approximately 896,000 shares on June 26. These insider sales were compounded by SemiAnalysis reports suggesting delays in NVIDIA's Kyber NVL144 system due to PCB manufacturing complexity, which pressured the entire PCB sector.
On the fundamental side, the company issued its sixth price increase notice this year, raising FR-4 prices by 15% and copper foil value-added profit by over 25%. Citi previously raised its target price to HK$130, maintaining a Buy rating, viewing the pullback as a buying opportunity. After consecutive sharp declines, market panic sentiment has partially eased, triggering the technical rebound.
(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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