On June 22, Kingboard Laminates rose 6.59% in regular trading, trading at HK$95.4/share, with turnover of HK$1.662 billion.

On the news front, the company officially issued a new price increase notice on June 16, raising all FR-4 copper-clad laminates and PP prepreg prices by 15%, marking the fifth price hike this year with cumulative increases exceeding 50%. Citibank subsequently raised the company's target price by 20% to HK$120, adjusted the target P/E ratio from 25x to 29x for the fiscal year ending 2027, and maintained its Buy rating, while lifting earnings forecasts by approximately 3% for each year. Additionally, southbound capital recorded net purchases exceeding HK$20 billion in Kingboard-related stocks over the past two weeks, providing sustained incremental support.

Industry data shows that electronic cloth completed its fifth price increase this year in early June, with the average price reaching 7.4 yuan per meter, representing a 100% increase from the low in Q3 last year. Upstream inventory remains tight while midstream utilization rates stay elevated, supporting continued price transmission through the supply chain.

(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.)