Movement Alert|KINGBOARD HLDG Rises 3.42% in Regular Trading, Post-Earnings Rebound After Prior Sell-the-News Dip

Market Focus
Aug 25

On August 25, KINGBOARD HLDG rose 3.42% in regular trading, trading at HK$47.22/share, with turnover of HK$145 million, extending the stabilization seen in the prior session's late trade.

On the news front, subsidiary KB Laminates reported interim net profit surging 209% to HK$2.887 billion, with July alone generating approximately HK$1.1 billion in profit, a record high. Following the August 24 earnings release, the stock had initially dropped over 6% in a classic sell-the-news reaction. Today, the market is repricing the strong results, with the PCB sector broadly recovering and KB Laminates rising 2.68% in tandem.

The group reported H1 revenue of HK$29.13 billion, up 35% year-over-year, with attributable profit of HK$2.711 billion, up 5%. The copper-clad laminate segment delivered profit growth exceeding 200%, though partially offset by approximately HK$500 million in investment segment losses. An interim dividend of HK$0.73 per share was declared, up 6% from the prior year.

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