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AI PCB Sector Sought After; KINGBOARD HLDG (00148.HK), VGT (02476.HK) Hit Record Highs; Citi Lifts KINGBOARD HLDG TP to HKD65, Reiterates Buy
The AI printed circuit board (PCB) sector was sought after today (11th). KINGBOARD HLDG (00148.HK) rose for a fourth consecutive session. After opening 0.7% higher this morning, ga...
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AI PCB Sector Sought After; KINGBOARD HLDG (00148.HK), VGT (02476.HK) Hit Record Highs; Citi Lifts KINGBOARD HLDG TP to HKD65, Reiterates Buy
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The AI printed circuit board (PCB) sector was sought after today (11th). KINGBOARD HLDG (00148.HK)  +1.700 (+3.036%)    Short selling $72.06M; Ratio 7.135%   rose for a fourth consecutive session. After opening 0.7% higher this morning, gains expanded, with the stock hitting an intraday peak of HKD55.95, a record high. It is now trading at HKD55.55, up 7.14%, with turnover of 19.8404 million shares, involving HKD1.064 billion.

Its subsidiary KB LAMINATES (01888.HK)  +2.480 (+5.576%)    Short selling $269.74M; Ratio 16.717%   also advanced for a fourth straight session. The stock once surged to HKD45.28 in early trading to set a record high, but faced pressure at elevated levels and at one point slipped 3.9% to HKD41.6 in the morning session. It was last reported at HKD44.12 in the afternoon session, up 1.94%, with turnover of HKD1.725 billion.

Related News Daiwa: 2026 Mainland Corporate Earnings Recovery May Accelerate but Not Broad-Based
Meanwhile, recently listed AI PCB leader VGT (02476.HK)  +11.000 (+2.941%)   hit an intraday high of HKD390, marking a new post-listing high for its H shares. It is now trading at HKD386.8, up 11.99%, with turnover of HKD1.66 billion.

Citi said in a research report that it raised its earnings forecasts for KINGBOARD HLDG for 2026 to 2028 by 50% to 61% and lifted its TP from HKD48 to HKD65. Under the AI infrastructure investment boom, shortages of glass fiber, copper foil and copper clad laminates (CCL) have prompted the broker to raise its earnings forecasts for KB LAMINATES (01888.HK)  +2.480 (+5.576%)    Short selling $269.74M; Ratio 16.717%   . Citi expects KINGBOARD HLDG's earnings mix to tilt toward the laminates business, forecasting the segment's contribution to group net profit to surge from 38% in 2025 to 87% in 2028. The broker added that KINGBOARD HLDG's current valuation is not reasonable. If investors missed KB LAMINATES' strong rally in April, KINGBOARD HLDG would be a good catch-up choice, and it reiterated its Buy rating. (da/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.)

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