On June 25, Kingboard Holdings rose 7.73% in regular trading, trading at 136.0 HKD/share, with turnover of 933 million HKD.
On the news front, Hong Kong Stock Exchange filings revealed that a Kingboard Holdings shareholder deposited 30 million shares into CLSA Securities, increasing the holding ratio by 2.67%. Additionally, company directors exercised share options on June 22 under the plan adopted in May 2019, resulting in the issuance of 10.15 million new shares. These insider actions were interpreted by the market as a strong vote of confidence in the company's outlook.
Meanwhile, Citi recently initiated a 30-day catalyst watch on Kingboard Holdings, reaffirming its Buy rating and forecasting H1 net profit growth of 55.6% to HKD 4.016 billion, with H2 profit growth expected to accelerate to 175%. Subsidiary KB Laminates implemented its fifth price hike this year on June 16, raising FR-4 copper-clad laminate and PP prepreg prices by 15%, bringing cumulative increases above 50%. AI data center demand continues to drive upstream PCB material pricing power.
(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.)