HK's PCB maker Kingboard set for best day in over 3 months on upbeat outlook

Kingboard Holdings

12/07/2021 03:54

** Shares of laminates products and printed circuit board
(PCB) maker Kingboard Holdings Ltd  0148.HK  surge 8.4% to
HK$43.30, on course for best day since March 30
    ** Stock hits highest since July 7; on track to snap two
consecutive sessions of decline
    ** Shares among the 30 biggest percentage gainers on the
Hong Kong bourse
    ** Company expects its net profit for the six months ended
in June to jump 350%-400% compared with the same period a year
earlier  urn:newsml:reuters.com:*:nFWN2ON05Z
    ** Says market demand for its products has stayed strong,
even as prices have risen sharply
    ** Says its unit, Kingboard Laminates Holdings Ltd
 1888.HK , also expects considerable increase in profit 
    ** Kingboard Laminates expects H1 net profit to rise
330%-380% due to strong market demand with significant increase
in unit selling price and quantity of the products manufactured
and sold by the firm (https://bit.ly/3e7Ek1S)
    ** Kingboard Laminates says its product prices continue to
stay at a high level amid undersupply of upstream materials such
as copper foil, glass fabric and epoxy resin  
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
rises 1.1%, and the material index  .HSCIM  gains 3.6%
    ** The Hang Seng China Enterprises Index  .HSCE  climbs 1%,
and the benchmark index  .HSI  rises 0.8%


 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))