On June 22, Kingboard Holdings rose 8.14% in regular trading, trading at HK$142.2/share, with turnover of HK$671 million, extending its recent strong momentum.

On the news front, subsidiary Kingboard Laminates recently issued its fifth price increase notice this year, raising prices on all FR-4 copper-clad laminates and PP prepreg products by 15%, bringing cumulative increases to over 50%. Simultaneously, the company raised approximately HK$11.766 billion in net proceeds through the placement of 155 million Kingboard Laminates shares, earmarked for expanding multilayer and HDI printed circuit board capacity.

Citi raised its target price for Kingboard Laminates by 20% to HK$120, maintaining a buy rating, and forecasts first-half net profit to surge 303% year-over-year. The supply-demand imbalance is further intensified by Middle East conflicts disrupting approximately 70% of high-end PCB core resin supply, while NVIDIA is reportedly intervening directly in upstream material procurement to secure next-generation AI server production schedules.

(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.)