On July 13, Kingboard Laminates fell 3.11% at open, trading at HK$60.85/share, with turnover of HK$28.244 million. The decline was driven by sustained insider selling pressure from multiple company directors in recent weeks.

On July 8, executive director Zhang Guoqiang sold 200,000 shares at HK$71.5 each, involving HK$14.3 million. Previously on June 30, Zhang Guohua disposed of 300,000 shares, and on June 26, three directors collectively sold approximately 896,000 shares totaling around HK$89.84 million. The intensive insider disposals have weighed heavily on market confidence.

While Citi recently raised its target price to HK$130 and maintained a buy rating, citing copper foil price hikes exceeding expectations and upgrading earnings forecasts by 11-12%, the frequent executive selling combined with the broader AI hardware sector pullback has continued to suppress near-term share price momentum.

(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.)