On May 29, Kingboard Holdings rose 3.74% in regular trading, trading at 66.7 HKD/share, with trading volume of HKD 212 million, continuing to set all-time highs.

On the news front, the stock's rally was primarily driven by a fresh round of price increases and persistent global copper clad laminate (CCL) supply-demand tightness. On May 27, subsidiary Kingboard Laminates issued its fourth price hike notice this year, raising board material prices by 10% and PP (prepreg) prices by 20%, citing elevated copper prices and increasingly tight fiberglass cloth supply. Cumulative price increases have now exceeded 40% year-to-date. Korean PCB manufacturers have reportedly engaged in panic purchasing, with single pre-order volumes reaching five times normal monthly levels and delivery cycles for premium products extending from 2-4 weeks to over 6 weeks. Korea's March CCL import average price surged 74.5% year-over-year, hitting the highest level since 2000.

Additionally, Citibank previously raised its target price for Kingboard Holdings from 48 HKD to 65 HKD, reiterating a Buy rating with earnings forecast upgrades of 50%-61%, noting the current price-to-book ratio of just 0.8x suggests significant valuation recovery potential.

(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.)