Stock Track | Kingboard Holdings Soars 5.13% Intraday on CCL Supply Tightness, Subsidiary Price Hikes and Citibank Target Raise

Stock Track

May 28

Kingboard Holdings' stock surged 5.13% during intraday trading on Thursday, continuing its upward momentum.

The sharp rise is attributed to persistent tightness in the global copper clad laminate (CCL) supply chain, with South Korea's March CCL import prices surging 74.5% year-over-year. Additionally, the company's subsidiary, Kingboard Laminates, issued its fourth price increase notice this year, raising board material prices by 10% and prepreg prices by 20%, bringing cumulative hikes to over 40% year-to-date.

Analyst sentiment also contributed to the bullish move, with Citibank raising Kingboard Holdings' target price from HKD 48 to HKD 65, reiterating a Buy rating and lifting earnings forecasts by 50-61%. The bank noted the current price-to-book ratio of 0.8x implies significant valuation upside potential.

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Additionally, the company's subsidiary, Kingboard Laminates, issued its fourth price increase notice this year, raising board material prices by 10% and prepreg prices by 20%, bringing cumulative hikes to over 40% year-to-date.</p><p>Analyst sentiment also contributed to the bullish move, with Citibank raising Kingboard Holdings' target price from HKD 48 to HKD 65, reiterating a Buy rating and lifting earnings forecasts by 50-61%. The bank noted the current price-to-book ratio of 0.8x implies significant valuation upside potential.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00148","symbol_name":"建滔集团","start_time":0,"source_url":"","article_id":"1136792214","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1136792214","pubTimestamp":1779948729,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Kingboard Holdings' stock surged 5.13% during intraday trading on Thursday, continuing its upward momentum.The sharp rise is attributed to persistent tightness in the global copper clad laminate...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00148":"建滔集团"},"translate_title":"股票轨迹|建滔控股盘中暴涨5.13%因覆铜板供应紧张、子公司提价及花旗银行上调目标","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00148":1},"content_text":"Kingboard Holdings' stock surged 5.13% during intraday trading on Thursday, continuing its upward momentum.The sharp rise is attributed to persistent tightness in the global copper clad laminate (CCL) supply chain, with South Korea's March CCL import prices surging 74.5% year-over-year. 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