On June 25, Kingboard Laminates rose 4.76% in regular trading, trading at HK$97.65/share, with turnover of HK$219 million. The stock rebounded strongly after a 5% decline earlier this week.

On the news front, the company completed its fifth price increase of the year on June 16, raising FR-4 and PP material prices by 15%. The interval from the previous hike was only 20 days, marking the shortest pricing cycle in history, with cumulative year-to-date price increases exceeding 40%. Surging AI computing demand continues to drive a persistent supply shortage in high-end CCL products, with M8/M9 high-speed CCL delivery times extending to 4-6 months. North American cloud operators have raised capital expenditure growth forecasts to 79% year-over-year, fueling demand across PCB and substrate materials.

Additionally, southbound capital has now net purchased the stock for 12 consecutive trading days, reflecting strong market conviction in the sustainability of the CCL pricing upcycle. Within the Electronic Components sector, Kingboard Holdings gained 6.78% and Sunny Optical rose 5.73%.

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