HK-based printed circuit board maker Kingboard falls to 7-week low on weak earnings

Kingboard Holdings

20/03/2019 06:44

** Shares of printed circuit board maker Kingboard Holdings
Ltd  0148.HK  fall as much as 6.2 pct to HK$26.35, lowest since
Jan 29
    ** Co posts an 18 pct fall in 2018 underlying net profit 
pct to HK$4.6 bln ($586 mln) amid weaker demand from electronics
sector due to the U.S.-China trade friction and a slowdown in
consumption in China  urn:newsml:reuters.com:*:nFWN2160PR
    ** Co says the electronics industry is seeing a steady
rebound in demand amid 5G telecommunications network upgrades 
    ** As of last close, stock had risen 34.5 pct this year
    ** Kingboard has underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 4.8 percentage points in the
past month
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  eases 0.4 pct, and the Hong Kong
benchmark index  .HSI  edges down 0.2 pct
($1 = 7.8498 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)