0148 GMT - Kingboard Laminates' and Kingboard Holdings' shares now appear attractive following their recent declines, say Citi analysts in a note. Kingboard Laminates' stock fell 19% and Kingboard Holdings' shares dropped 30% from their end-June peaks, partly due to a major stakeholder disposing of a stake, they say. Investor concerns around a possible overbuild of artificial-intelligence infrastructure likely also weighed as both companies are involved in manufacturing AI hardware. The share sell-off is "almost done" and both companies are likely to issue profit alerts beating Citi's estimates around end-July, they add. Both stocks also have relatively lower valuations than other Hong Kong-listed AI hardware stocks, the analysts add, and reiterate their buy rating. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 05, 2026 21:48 ET (01:48 GMT)

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