On July 13, Kingboard Laminates (01888.HK) declined 4.62% in regular trading, trading at 58.35 HKD/share, with turnover of 9.95 billion HKD. Multiple large block sell orders were observed during the session, amplifying downside pressure.
The selloff is primarily attributed to a wave of intensive insider disposals. On July 8, Executive Director Zhang Guoqiang sold 200,000 shares at 71.5 HKD each, totaling 14.3 million HKD. On June 30, Zhang Guohua disposed of 300,000 shares worth approximately 29.58 million HKD. On June 26, three directors collectively sold roughly 896,000 shares valued at approximately 89.84 million HKD. The sustained selling by board members has significantly undermined market confidence.
Although Citi previously raised its target price to 130 HKD and maintained a Buy rating citing stronger-than-expected CCL price hikes, the frequency of insider disposals combined with a broader pullback in the AI hardware sector has overwhelmed positive fundamental signals in the near term.
(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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