On June 30, Kingboard Holdings rose 3.42% in regular trading, trading at HK$121.1/share, with turnover of HK$833 million. The stock continues to recover from last week's sharp sell-off triggered by major shareholder disposals.

On the news front, southbound capital flows have provided strong support for the stock. Data shows that as of June 29, Kingboard Holdings received net buying from southbound funds for 10 consecutive trading days, with cumulative net purchases totaling HK$16.189 billion, during which the stock price rose 34.38%. On June 29 alone, the stock recorded HK$5.239 billion in turnover via Stock Connect channels with a net inflow of HK$487 million.

The buying comes after the stock was pressured by Hallgain Management Limited, controlled by the Zhang Guorong family, reducing its stake from 44.06% to 37.52% over three days from June 22 to 24, cashing out approximately HK$8.944 billion. Citi maintained its Buy rating, calling the pullback a buying opportunity and setting a target price of HK$202, citing expected strong first-half earnings growth of 55.6% year-on-year.

(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.)