On May 22, Kingboard Holdings rose 3.21% in regular trading, trading at 56.5 HKD/share, with trading volume of 114 million HKD. The stock has been consecutively hitting all-time highs in recent sessions.

On the news front, global copper clad laminate (CCL) supply-demand conditions remain extremely tight. Korean PCB manufacturers have been panic-buying, with single pre-order volumes reaching over five times normal monthly levels, while delivery periods for high-end products have extended from 2-4 weeks to over 6 weeks. Korean March CCL import average prices surged 74.5% year-over-year, hitting the highest level since 2000. Subsidiary Kingboard Laminates has raised prices three times this year with cumulative increases exceeding 40%.

Additionally, Citigroup recently raised Kingboard Holdings target price from 48 HKD to 65 HKD, reiterating a buy rating, while lifting earnings forecasts by 50% to 61% for 2026-2028. Citi noted the current price-to-book ratio stands at only 0.8x, well below subsidiary Kingboard Laminates at 6.8x, suggesting significant valuation recovery potential. Within the Electronic Components sector, KB Laminates rose 8.65%, VGT up 7.86%, and FIT Hon Teng up 4.95%, showing strong 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.)