Stock Track | Kingboard Holdings Soars 6.72% in Early Trading on Southbound Fund Buying and Citi Upgrade

Stock Track
Jun 29

Kingboard Holdings' stock surged 6.72% in early trading, marking a significant upward movement during the intraday session.

The sharp rise appears driven by sustained accumulation from southbound funds, which have maintained net purchases of the stock for nine consecutive trading days, totaling approximately HK$15.7 billion. Additionally, Citi significantly raised its target price for Kingboard Holdings to HK$202 and reiterated a Buy rating, citing the company's vertical integration advantages in copper clad laminates and electronic-grade fiberglass cloth amid tight supply conditions.

Citi also forecasts robust earnings growth, with first-half net profit expected to increase 55.6% year-over-year and second-half profit growth accelerating to 175%. This positive analyst outlook and persistent institutional buying are supporting the stock's recovery from recent selling pressure.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10