Movement Alert|Kingboard Holdings Rises 4.26% in Regular Trading, Copper Clad Laminate Supply-Demand Tightness and Citibank Target Price Upgrade Continue to Drive Rally

Market Focus09:34

On May 27, Kingboard Holdings rose 4.26% in regular trading, trading at 62.9 HKD/share, with trading volume of 78.26 million HKD, continuing to set all-time highs.

On the news front, persistent global copper clad laminate (CCL) supply-demand tightness remains the core driver. South Korean PCB manufacturers have engaged in panic buying, with single pre-order volumes reaching five times normal monthly levels and delivery cycles for premium products extending from 2-4 weeks to over 6 weeks. South Korea's March CCL import average price surged 74.5% year-over-year, hitting a record high since 2000. Kingboard Laminates, a subsidiary, has raised prices three times year-to-date with cumulative increases exceeding 40%, demonstrating robust cost pass-through capability. Additionally, Citibank raised Kingboard Holdings' target price from 48 HKD to 65 HKD, reiterated its buy rating, and upgraded earnings forecasts by 50% to 61%, citing a price-to-book ratio of merely 0.8x with significant valuation repair potential. Fellow subsidiary KB Laminates also rose 7.93% intraday, reflecting notable sector linkage.

(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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