On July 28, KINGBOARD HLDG fell 7.21% in regular trading, trading at 44.26 HKD/share, with turnover of 1.35 billion HKD. Peer stock KB LAMINATES simultaneously dropped 10.25%, as PCB concept stocks weakened collectively.
On the news front, controlling shareholder Hallgain Management has been conducting large-scale disposals since early July, with its stake declining from 34.3% to approximately 31.54%. Board chairman Zhang Guorong, executive director Zheng Yongyao, and independent non-executive director Zhuang Jianqi have also been reducing their holdings concurrently, creating substantial selling pressure on the stock.
Meanwhile, institutions have flagged that concentrated release of forward PCB capacity may trigger price wars. With the interim results window approaching — the board is scheduled to review first-half results on August 24 — funds are reportedly crystallizing gains, leaving near-term correction pressure unresolved. The stock has now retreated over 70% from its June high of 151.8 HKD.
(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.)
Comments