On June 12, Kingboard Holdings rose 7.9% in regular trading, trading at 95.8 HKD/share, with turnover of 674 million HKD, continuing the multi-day PCB sector rally.

On the news front, multiple catalysts are driving the surge. Citibank raised its target price for Kingboard Holdings from 65 HKD to 90 HKD, maintaining a Buy rating, noting that approximately 85% of core net profit by 2028 will come from the laminates/PCB business. Meanwhile, 13 PCB manufacturers have announced expansion plans this year with total investment exceeding 60 billion yuan, yet CCL capacity growth of only around 20% lags far behind downstream PCB expansion, potentially creating allocation shortages as Q3 AI demand accelerates. The ongoing Middle East conflict has disrupted PPE resin supply from Saudi Arabia's Jubail Industrial Area, affecting roughly 70% of global high-end PCB core materials. Additionally, Morgan Stanley research indicates NVIDIA's next-generation VR200 chip PCB cost surged over 233% versus its predecessor. Subsidiary Kingboard Laminates has completed its fourth price hike this year, with board materials up 10% and PP products up 20%.

(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.)