On August 3, KINGBOARD HLDG rose 5.36% in regular trading, trading at HK$41.18/share, with turnover of HK$724 million.
On the news front, the company issued a positive profit alert on July 30, forecasting net profit exceeding HK$27 billion for the six months ended June 30, representing a year-on-year increase of over 4%. The core highlight is the copper clad laminate segment, whose profit surged more than 200% compared with the same period last year, serving as the primary growth driver for the period.
The company also disclosed that its investment business segment recorded a loss of approximately HK$5 billion during the reporting period. However, management noted that following stock market recovery after the reporting period, the investment segment performance has already rebounded above the level recorded in the same period last year, though this recovery will not be reflected in the interim results. The company is scheduled to formally announce its interim results on August 24.
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