On July 9, Kingboard Laminates rose 4.87% in regular trading, trading at 69.0 HKD/share, with turnover of HKD 214 million, extending the prior session's rebound momentum.

On the news front, the rally was driven by multiple catalysts. NVIDIA officially denied earlier rumors from SemiAnalysis that its Kyber NVL144 rack would be delayed over 12 months due to PCB mid-board manufacturing bottlenecks, stating its roadmap remains unchanged. Meanwhile, the company announced copper foil value-added profit increases, with 1.5oz copper foil up 5 RMB/kg and 2oz copper foil up 8 RMB/kg, representing a price hike exceeding 25%. Citi raised its target price from 120 to 130 HKD and maintained a Buy rating, upgrading earnings estimates for fiscal years by 11-12% given the stronger-than-expected price increases.

The stock had previously suffered a cumulative decline exceeding 18% over two trading days following the delay rumors. With the official denial and institutional support, market panic has gradually subsided.

(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.)