On July 3, Kingboard Holdings fell 3.27% in regular trading, trading at 101.7 HKD/share, with turnover of 879 million HKD.

On the news front, the company continues to face dual headwinds from persistent major shareholder disposals and industry-wide PCB pricing pressure. Hong Kong Exchange filings show that Hallgain Management Limited sold another 4 million shares on June 30 at an average price of 119.461 HKD per share, totaling approximately 478 million HKD, reducing its stake from 34.66% to 34.30%. This follows consecutive selling from June 22 to 24, during which the entity cumulatively offloaded approximately 67.38 million shares, raising roughly 8.944 billion HKD.

Compounding the selling pressure, reports emerged that Samsung Electronics and SK Hynix are negotiating lower substrate supply prices for the second half, reversing the 3%-4% price increases accepted earlier this year. On the previous trading day, PCB concept stocks plunged sector-wide, with Kingboard Holdings declining nearly 12% and southbound funds net selling 7.58 billion HKD of the stock.

(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.)