On May 22, Kingboard Laminates rose 5.45% in regular trading, trading at HK$47.56/share with a trading volume of HK$242 million, extending its recent rebound momentum.
On the news front, the copper clad laminate (CCL) industry continues to experience a tight supply-demand dynamic. Korean PCB manufacturers, driven by supply disruption concerns, have placed extraordinary pre-purchase orders with Chinese CCL producers, pushing delivery cycles for certain high-end products beyond six weeks. The company previously announced two rounds of 10% price increases across its full CCL product line in April, bringing cumulative price hikes above 40%, demonstrating strong cost pass-through capability. Citi maintains a Buy rating with a target price of HK$51, noting that loom supply constraints are expected to limit industry capacity growth over the next two years.
Sector peers also strengthened, with Shenghong Technology up 6.53%, FIT Hon Teng up 5.54%, and Kingboard Holdings up 3.12%, reflecting broad-based positive sentiment across the PCB supply chain.
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