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<Research>Citi: Parent Co. Reduces Stake in KB LAMINATES (01888.HK); Shr Price Expected to Be Under ST Pressure
KB LAMINATES (01888.HK) announced that its controlling shareholder, KINGBOARD HLDG (00148.HK), placed up to 78.5 million shares of KB LAMINATES at a discount of 7.75% to yesterday&...
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<Research>Citi: Parent Co. Reduces Stake in KB LAMINATES (01888.HK); Shr Price Expected to Be Under ST Pressure
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KB LAMINATES (01888.HK)  -1.000 (-9.225%)    Short selling $56.99M; Ratio 4.087%   announced that its controlling shareholder, KINGBOARD HLDG (00148.HK)  -0.450 (-1.800%)    Short selling $1.65M; Ratio 5.049%   , placed up to 78.5 million shares of KB LAMINATES at a discount of 7.75% to yesterday's closing price of $10 per share, Citi Research issued a research report saying.

Upon completion, KINGBOARD HLDG's stake in KB LAMINATES will be reduced from 73.76% to 71.25%. The broker expected that the above transaction will exert pressure on KB LAMINATES' share price performance in the short term.

Citi Research has recently shifted its investment preference from KB LAMINATES to SHENGYI ELECTRONICS(688183.SH)  -3.300 (-6.122%)   , while KB LAMINATES will be ranked as the lowest preference as SHENGYI ELECTRONICS is relatively laggard and has greater business exposure in the AI area.

The broker estimated KB LAMINATES' 1H25 results to show only modest growth due to a higher base and almost no AI business. Therefore, Citi Research kept rating at Buy, with a target price of $14, due to anticipation of share price correction.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-18 16:25.) (A Shares quote is delayed for at least 15 mins.)

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