On June 26, Kingboard Holdings fell 3.65% in regular trading, trading at 131.0 HKD/share, with turnover of 592 million HKD.
The Electronic Components sector saw widespread selling pressure. Among sector peers, KB Laminates fell 2.11%, Sunny Optical fell 6.34%, VGT fell 3.97%, Lens fell 3.55%, while Delton rose 5.07%.
The pullback comes after a sharp rally in prior sessions. The stock surged 7.73% on June 25, driven by shareholder repositioning of 30 million shares into CLSA and director stock option exercises totaling 10.15 million shares. Citi had also initiated a 30-day catalyst watch with a reiterated Buy rating, projecting first-half net profit growth of 55.6% to 4.016 billion HKD. The stock has accumulated gains exceeding 370% year-to-date, fueled by AI datacenter demand and five rounds of copper-clad laminate price hikes within the year. Today's retreat appears driven by broad sector weakness and potential profit-taking following the extended rally.
(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.)