On August 21, KINGBOARD HLDG rose 3.12% in regular trading, trading at HKD 47.1/share, with turnover of HKD 141 million. The PCB sector broadly recovered, with KB Laminates up 2.06%, Victory Giant Technology up 2.03%, and Guanghe Technology up 2.44%, as the sector stabilized following two consecutive days of correction.
On the news front, the company is set to release interim results on August 24. It had previously issued a positive profit alert, forecasting first-half net profit exceeding HKD 2.7 billion, representing year-on-year growth of over 4%. Notably, the copper clad laminate segment reported profit surging over 200% compared to the same period last year. The investment segment recorded a loss of approximately HKD 500 million during the reporting period, partially offsetting overall gains, though management indicated the segment has since recovered.
The rebound comes after large shareholder disposals and fund positioning concerns had weighed on sentiment in prior sessions, with the upcoming earnings release now serving as a near-term catalyst for renewed buying interest.
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