On September 8, KINGBOARD HLDG fell 3.06% in regular trading, trading at 50.55 HKD/share, with turnover of 622 million HKD. The copper clad laminate (CCL) sector weakened again after a brief collective rebound the previous session, with peers KB Laminates down 3.36%, Lens Technology down 4.27%, and Sunny Optical down 3.16%, reflecting broad pressure across electronic components.
The pullback follows a period in which dense positive catalysts — including seven rounds of CCL price hikes within the year, consecutive target price upgrades from Citi and Bank of America — were largely priced in. KINGBOARD HLDG has been under correction since September 3, and while the stock rebounded 3.08% on September 7, profit-taking pressure persisted. On the fundamental side, the company reported interim revenue of 29.13 billion HKD, up 35% year-over-year, with shareholder profit of 2.71 billion HKD, up 5%. Chairman Zhang Guorong expressed confidence in both group companies achieving over 10 billion HKD in full-year profit, citing strong AI-driven demand for glass cloth and CCL materials.
(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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