On June 11, Kingboard Holdings rose 4.03% in regular trading, trading at HK$95.8/share, with trading volume of HK$764 million, extending the recent strong rally in the PCB sector.

Multiple catalysts continue to fuel the advance: the Middle East conflict has disrupted operations at the Saudi Jubail industrial zone PPE resin plant, threatening approximately 70% of global high-end PCB core material supply. Meanwhile, Morgan Stanley research indicates that NVIDIA's next-generation VR200 AI chip PCB costs have surged over 233% compared to its predecessor, underscoring robust AI-driven high-end PCB demand. Additionally, subsidiary Kingboard Laminates has completed its fourth price hike this year, raising board material prices by 10% and PP products by 20%. Sector peer KB Laminates rose 5.16% today, reinforcing the sector linkage effect. Citi previously raised its target price for Kingboard Holdings to HK$90, maintaining a Buy rating with earnings forecasts revised upward by 34%-53% for the coming years.

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