On June 29, Kingboard Holdings rose 5.06% in regular trading, trading at HK$129.0/share, with turnover of HK$1.672 billion. The stock rebounded sharply after dropping over 10% on June 26 when the major shareholder's consecutive selling was disclosed.

On the news front, southbound funds have maintained net purchases of Kingboard Holdings for 9 consecutive trading days, accumulating approximately HK$15.7 billion in total. Meanwhile, Citi significantly raised its target price to HK$202, reiterating a Buy rating, citing the company's vertical integration advantages in copper clad laminates and electronic-grade fiberglass cloth amid tight supply conditions. Citi forecasts first-half net profit to grow 55.6% year-over-year to HK$4.016 billion, with second-half profit growth accelerating to 175%.

Previously, major shareholder Hallgain Management Limited reduced its stake from 44.06% to 37.52% over three days, cashing out approximately HK$8.944 billion. Despite the short-term selling pressure, institutional confidence and persistent southbound capital inflows appear to be supporting the stock's recovery.

(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.)