On June 24, Kingboard Holdings rose 3.29% in regular trading, trading at 132.5 HKD/share, with turnover of HKD 2.986 billion. The stock continues to ride a wave of positive catalysts including an analyst endorsement and sustained institutional buying.

On the news front, Citi recently initiated a 30-day catalyst watch on Kingboard Holdings, reiterating a Buy rating. The bank expects the company to release a strong first-half earnings pre-announcement next month, forecasting H1 net profit to surge 55.6% YoY to HKD 4.016 billion and revenue to grow 33% to HKD 28.739 billion, with H2 profit growth accelerating to 175%. Additionally, subsidiary Kingboard Laminates implemented its fifth price hike this year on June 16, raising FR-4 copper-clad laminate and PP prepreg prices by 15%, bringing cumulative increases above 50% with a record-short 20-day interval between hikes. Southbound capital has also been persistently accumulating shares, with Kingboard Holdings ranking among the top three net purchases by northbound water on June 23.

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