Kingboard Holdings' stock soared 6.16% during intraday trading on Monday, reflecting strong momentum in the PCB (Printed Circuit Board) sector.

The surge is driven by multiple catalysts. According to reports, 13 PCB manufacturers have announced capacity expansions year-to-date with total investment exceeding RMB 60 billion. Analysts note that major copper clad laminate (CCL) producers' capacity growth is lagging behind downstream PCB expansion, suggesting supply-demand tightness may intensify further as AI demand ramps up in the third quarter.

Additionally, the Middle East conflict-driven shutdown of PPE resin factories in Saudi Arabia's Jubail Industrial Area continues to threaten approximately 70% of global high-end PCB core material supply. Furthermore, subsidiary Kingboard Laminates has completed multiple rounds of price hikes this year, with its shares also rising significantly today, reflecting continued sector linkage effects.