On September 25, KB LAMINATES fell 3.26% in regular trading, trading at 50.45 HKD/share, with turnover of approximately 186 million HKD. The stock continued its retreat for the second consecutive trading day following a surge of over 10% on September 23, when JPMorgan initiated coverage with an Overweight rating and a 65 HKD target price — that session saw extraordinary turnover of approximately 6.1 billion HKD.
The broader Electronic Components sector remained under pressure, with KINGBOARD HLDG down 4.74%, CREALIGHTS down 7.07%, VGT down 3.76%, SUNNY OPTICAL down 3.22%, and FIT HON TENG down 3.16%. Notably, southbound funds recorded a net outflow of approximately 2.17 billion HKD from KB LAMINATES on September 23, suggesting profit-taking after the sharp rally despite continued bullish institutional sentiment. Citi maintained a Buy/High Risk rating with a 95 HKD target price, citing AI material shortages driving earnings upside, while Morgan Stanley earlier assigned an Overweight rating with a 75 HKD target. Major shareholder Hallgain Management Limited has conducted multiple on-market purchases since early September, raising its stake to approximately 62.21%.
(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.)