On June 30, Kingboard Laminates rose 3.01% in regular trading, trading at HK$99.6/share, with turnover of HK$1.35 billion.

The rally was underpinned by persistent southbound capital inflows. As of June 29, southbound funds had net purchased Kingboard Laminates for 15 consecutive trading days, with cumulative net buying of HK$19.479 billion during the period, accompanying a 94.59% stock price gain. On June 25, the stock broke above the HK$100 mark for the first time, hitting an all-time high.

On the fundamental front, the company has implemented five rounds of price hikes year-to-date, with FR-4 and prepreg prices raised 15% effective June 16 — the shortest interval between increases on record. Citi raised its target price to HK$120, projecting first-half net profit to surge 273% year-over-year to HK$3.48 billion, driven by tight electronic glass fabric supply and AI-related demand. Industry sources indicate advance stocking ahead of Nvidia Rubin full production may further tighten upstream CCL supply.

(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.)