Movement Alert|Kingboard Laminates Falls 4.3% in Regular Trading, Technical Overbought Signals Trigger Continued Profit-Taking After 60% Monthly Rally

Market Focus
Jun 01

On June 1, Kingboard Laminates fell 4.3% in regular trading, trading at HK$50.65/share, with trading volume of HK$1.029 billion.

The decline follows Macquarie's assessment that the stock's technical indicators (STC and 14-day RSI) have entered overbought territory. With one-month cumulative gains exceeding 60% and a 52-week surge of 548%, profit-taking pressure continues to build after the company's fourth price hike this year — with cumulative product price increases surpassing 40% — has been fully priced in. Fellow Kingboard group member Kingboard Holdings fell 6.31% in tandem, reflecting broad sector pressure.

Market analysis suggests that the prior AI computing demand narrative and copper-clad laminate supply-demand tightness logic have been fully discounted, and short-term technical correction may persist further.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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