Kingboard Holdings' stock surged 6.72% in early trading, marking a significant upward movement during the intraday session.

The sharp rise appears driven by sustained accumulation from southbound funds, which have maintained net purchases of the stock for nine consecutive trading days, totaling approximately HK$15.7 billion. Additionally, Citi significantly raised its target price for Kingboard Holdings to HK$202 and reiterated a Buy rating, citing the company's vertical integration advantages in copper clad laminates and electronic-grade fiberglass cloth amid tight supply conditions.

Citi also forecasts robust earnings growth, with first-half net profit expected to increase 55.6% year-over-year and second-half profit growth accelerating to 175%. This positive analyst outlook and persistent institutional buying are supporting the stock's recovery from recent selling pressure.