On August 31, KINGBOARD HLDG rose 3.13% in regular trading, trading at HK$54.35 per share, with turnover of HK$1.198 billion.

On the news front, subsidiary Kingboard Laminates issued its seventh price increase notice of the year on August 28, raising FR-4 copper clad laminate prices by 10% and thin-cloth prepreg by 20%, bringing the cumulative price hike to over 100% year-to-date. Citi simultaneously initiated a 30-day upward catalyst watch on Kingboard Laminates, reiterating a Buy rating with a target price of HK$95. Additionally, major shareholder Hallgain Management Limited purchased a total of 700,000 shares over three consecutive trading days in the past week at average prices between HK$49.89 and HK$52.64, lifting its stake to 31.60%.

Fundamentally, the company reported first-half revenue of HK$29.13 billion, up 35% year over year, with attributable net profit of HK$2.711 billion, up 5%. The board declared an interim dividend of HK$0.73 per share. Industry data showed August electronic-grade fiberglass cloth prices surged 17%-18% month over month, with year-to-date gains of 118%-165%, supporting a new round of CCL price increases.

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