On June 23, Kingboard Holdings declined 3.19% in regular trading, trading at 134.6 HKD/share with turnover of 950 million HKD, retreating from the previous session's surge of over 8% that had pushed the stock to a record high of 151.8 HKD.

The pullback comes after the stock accumulated nearly 400% in gains year-to-date, driven by AI data center demand boosting copper-clad laminate and PCB prices. On the prior trading day, the company issued 13.47 million new shares through stock option exercises by directors and employees under the preferential share plan, introducing dilution pressure. Additionally, the broader Electronic Components sector showed widespread weakness, with subsidiary KB Laminates falling 4.57%, VGT declining 6.26%, and FIT HON TENG down 5.08%.

Recent catalysts including five rounds of copper-clad laminate price hikes exceeding 50% cumulatively, a 117.8 billion HKD placement for PCB capacity expansion, and Citi's forecast of 303% first-half earnings growth had driven the stock to elevated valuations at a trailing P/E of approximately 31.88x.

(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.)