On June 18, Kingboard Holdings rose 3.43% in regular trading, trading at HK$120.7/share with turnover of HK$1.963 billion, extending the prior session's strong momentum.

On the news front, subsidiary Kingboard Laminates recently issued its fifth price increase notice this year, raising prices on all FR-4 copper clad laminates and PP prepregs by 15%, bringing cumulative price hikes above 50% year-to-date. Simultaneously, the company completed a placement of 155 million Kingboard Laminates shares at HK$76 per share, generating net proceeds of approximately HK$11.766 billion earmarked for PCB business expansion, capacity upgrades in multilayer and HDI printed circuit boards, accelerated R&D, and debt repayment. Citi raised earnings forecasts for the company by 34% to 53%, citing stronger-than-expected electronic fiberglass cloth pricing. The broader backdrop includes Middle East conflict disrupting approximately 70% of global high-end PCB core PPE resin supply, while AI computing demand continues to drive copper clad laminate supply-demand tightness, sustaining the industry upcycle.

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