On July 20, Kingboard Laminates rose 5.05% in regular trading, trading at HK$43.18/share, with turnover of HK$150 million.

On the news front, the stock is staging a technical rebound after plunging over 60% from its high near HK$107 to below HK$42, primarily pressured by intensive director share sales and rumors of Nvidia Kyber NVL144 architecture delays at the PCB manufacturing stage. Industry fundamentals remain robust — leading CCL companies have implemented 10 rounds of price increases year-to-date, and A-share PCB manufacturers broadly reported doubling of profits in their H1 earnings previews. Citibank previously maintained a Buy rating with a target price of HK$130, having raised its earnings estimates by 11-12% for the 2026-2028 period after pricing exceeded expectations. Peer Kingboard Holdings also rose 4.28% on the day, while the broader Hang Seng Index gained over 1%, with chip, PCB, and optical communication sectors leading gains, signaling a broad recovery across AI hardware names.

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