HK Stock Market Move | KINGBOARD HLDG(00148) is now up more than 4% as the company plans to increase the proportion of AI new materials business. Citigroup expects the first-half performance to exceed expectations.

KINGBOARD HLDG (00148) rose more than 8% during trading hours, as of the time of writing, it is up 4.71% at 77.75 Hong Kong dollars, with a trading volume of 2.895 billion Hong Kong dollars. On the news front, on July 6, KINGBOARD HLDG announced that it has signed a five-year, HK$6 billion sustainable development performance-linked consortium loan. KINGBOARD HLDG will further enhance the contribution of AI new materials business to its output value. Its low thermal expansion coefficient electronic glass fiber products have been certified by customers, successfully entering the high-end packaging carrier board market, becoming a benchmark enterprise in China's AI new materials industry. Citigroup released a research report stating that due to the possibility of higher-than-expected average selling prices of electronic cloth, KINGBOARD HLDG's first-half performance may exceed the bank's forecast. It is expected that the major shareholder Hallgain's stake in KINGBOARD HLDG will not fall below 30%, as this is the threshold level for triggering takeover scenarios. The next catalyst is the positive profit forecast for the first half of 2026, where the leverage effect of doubling the selling price of electronic grade fiberglass cloth on net profit will be observed.