HK Stock Market Move | KINGBOARD HLDG (00148) rose more than 19% at one point, with its share price hitting a new high since listing. Its cumulative increase for the year is nearly 400%.

KINGBOARD HLDG (00148) surged by more than 19%, reaching a high of 151.8 Hong Kong dollars, setting a new record high. The stock price has accumulated a nearly 400% increase this year. As of the time of writing, it is up by 8.93% at 137.9 Hong Kong dollars, with a trading volume of 3.984 billion Hong Kong dollars. In terms of news, KINGBOARD HLDG recently announced that it plans to sell 155 million shares of KB LAMINATES through block trading, raising approximately 11.78 billion Hong Kong dollars in cash, which will be mainly invested in expanding and upgrading the printed circuit board (PCB) business. This year, benefiting from the explosive demand for AI data centers, the prices of electronic glass cloth and copper-clad laminates have continued to rise, leading to a significant increase in KB LAMINATES stock price. Citi previously indicated that, based on the sum-of-the-parts valuation method, the expected price-to-earnings ratio for 2027 is approximately 10 times, and earnings forecasts for 2026 to 2028 have been raised by 34% to 53%, mainly due to the higher-than-expected increase in the price of electronic glass cloth from KB LAMINATES. The report also mentioned that by 2028, approximately 85% of KINGBOARD HLDG's core net profit will come from the laminated board/printed circuit board business, compared to around 60% in 2025.