Movement Alert|KB LAMINATES Falls 3.64% in Regular Trading, Executive Director Sells 1 Million Shares Adding to Persistent Selling Pressure

Market Focus
Jul 24

On July 24, KB LAMINATES fell 3.64% in regular trading, trading at 39.12 HKD/share, with turnover of 103 million HKD.

On the news front, the latest disclosure from the Stock Exchange shows that Executive Director Zhang Jiahao sold 1 million shares on July 20 at an average price of 42.10 HKD per share, involving approximately 42.1 million HKD. His shareholding ratio decreased from 0.09% to 0.06%. This follows a pattern of intensive insider selling, with major shareholder Hallgain Management Limited and multiple directors having continuously reduced their holdings in recent weeks.

The stock has now declined over 60% from its high near 107 HKD, with the sustained selling pressure compounding the impact of NVIDIA Kyber architecture delay rumors. Within the Electronic Components sector, KINGBOARD HLDG fell 4.79%, while the broader PCB segment remained weak. Notably, Citibank recently reiterated a Buy rating with a target price of 130 HKD, citing expectations of first-half net profit tripling year-over-year to 4 billion HKD and continued CCL price increases.

(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.)

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