On June 11, Kingboard Laminates rose 3.26% in regular trading, reaching HK$62.4 per share with turnover of HK$21.43 million, extending its recent strong performance.

On the news front, Middle East conflicts have caused shutdowns at Saudi Arabia's Jubail industrial zone, disrupting approximately 70% of global PPE resin supply. PPE resin is a core raw material for high-end copper-clad laminates, and the supply crunch is driving price increases across the PCB supply chain. The company issued its fourth price hike notice this year on May 27, raising board material prices by 10% across all series and PP products by 20%, with cumulative increases exceeding 40%, demonstrating its pricing power as an industry leader.

Citi recently raised the target price of parent company Kingboard Holdings from HK$65 to HK$90, maintaining a Buy rating. Bank of America noted that the CCL and PCB supply chain maintains a stable supply-demand balance with positive pricing and earnings outlook. The medium-to-long-term thesis of rising PCB value in AI servers further supports market sentiment.

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