Kingboard near 4-year peak on robust profit outlook, unit hits fresh high

Kingboard Holdings

23/02/2026 02:54

** Shares of Chinese laminates manufacturer Kingboard Holdings 0148.HK climb 5.8% to HK$37.04, their highest level since June 2022

** Stock on track for biggest one-day pct gain since October 15

** Co expects its 2025 net profit to jump more than 165% y/y, 2024 net profit HK$4.32 bln ($552.78 mln)

** Says rise due to an increase in profit from laminates business, with prices of its laminates and upstream materials products up significantly, sales quantity increased, and robust market demand

** Unit Kingboard Laminates 1888.HK rises 6.8% to an all-time high at HK$20.7,

** Unit expects more than 80% y/y rise in 2025 net profit on increase in market demand for laminate products

** YTD, Kingboard Holdings stock up 24.3%, Kingboard Laminates up 51.2%, benchmark Hang Seng Index .HSI up 5.8%

($1 = 7.8150 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))