Movement Alert｜Kingboard Holdings Rises 7.9% in Regular Trading, PCB Expansion Wave and Citibank Target Price Upgrade Fuel Rally

Market Focus06-12

On June 12, Kingboard Holdings rose 7.9% in regular trading, trading at 95.8 HKD/share, with turnover of 674 million HKD, continuing the multi-day PCB sector rally.

On the news front, multiple catalysts are driving the surge. Citibank raised its target price for Kingboard Holdings from 65 HKD to 90 HKD, maintaining a Buy rating, noting that approximately 85% of core net profit by 2028 will come from the laminates/PCB business. Meanwhile, 13 PCB manufacturers have announced expansion plans this year with total investment exceeding 60 billion yuan, yet CCL capacity growth of only around 20% lags far behind downstream PCB expansion, potentially creating allocation shortages as Q3 AI demand accelerates. The ongoing Middle East conflict has disrupted PPE resin supply from Saudi Arabia's Jubail Industrial Area, affecting roughly 70% of global high-end PCB core materials. Additionally, Morgan Stanley research indicates NVIDIA's next-generation VR200 chip PCB cost surged over 233% versus its predecessor. Subsidiary Kingboard Laminates has completed its fourth price hike this year, with board materials up 10% and PP products up 20%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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