On July 15, Kingboard Holdings rose 4.56% in regular trading, trading at 64.15 HKD/share, with turnover of HKD 272 million.

On the news front, multiple core PCB companies released H1 earnings pre-announcements on July 13, reporting significant year-over-year and quarter-over-quarter profit growth, catalyzing continued sector strength. Additionally, Nvidia CEO Jensen Huang on July 11 explicitly denied rumors of Rubin Ultra delays, confirming on-schedule shipment, which eased prior valuation pressure on the PCB supply chain stemming from Kyber architecture postponement concerns.

On the shareholder front, major stakeholder Hallgain Management Limited has reduced its stake to 31.54%, approaching the 30% mandatory general offer threshold. Citi previously noted the stake is unlikely to fall below this level, suggesting the intensive selling cycle is nearing its end with marginal relief in overhang pressure. Citi also highlighted that electronic cloth average selling prices may exceed expectations, potentially driving Kingboard Holdings H1 results above consensus.

(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.)