CI-KBLH@EC2610A

Citi Gives Taconic Laminate Board an Overweight Rating, Dechert Motor Holdings a Neutral Rating

Kingboard Benefits from AI Market Growth, Reports Record High Earnings in H1

Kingboard Issues Price Hike Notice to Clients Due to Rising Costs

Company Directors of Buildar Layer Board Exercised Preferential Subscription Rights to Issue 750,000 Shares

Kingboard Raises Copper Clad Laminate Prices Due to Cost Pressures

Guotai Haitong Gives Add 评级 to Kingboard, Bullish on CCL Price Hikes Driving Profit Growth

Great Wall Securities Raises Target Price but Downgrades Taconic Panel to 'Hold'

KB Laminates released FY2025 Q1 earnings on August 25, 2025 (BJT) with actual revenue of HKD 4.794 B and EPS of HKD 0.1495

Kamat Group Reports Strong Mid-Year Performance and Mid-Year Dividend

KB Laminates released FY2025 Semi-Annual Earnings on August 25 Pre-Market (BJT), actual revenue HKD 9.588 B, actual EPS HKD 0.299

KB LAMINATES released FY2025 Q2 earnings on August 25 Pre-Market (BJT), actual revenue HKD 4.794 B, actual EPS HKD 0.1495

KB LAMINATES to Release FY2025 Q2 Earnings on August 25, Pre-Market BJT

Kingsway Holding to Sell up to 78.5 Million Shares of TAT Creative

Keensetter Circuit Board Price Surges, Analysts Expect Profit

Securities Firms See Strong Earnings Growth for Taconic PCB

Keenon Layered Board sees stock price rise as industry sentiment improves significantly

Kingboard Benefits from AI and Downstream Subsidies, PCB Industry Upturn Significant

Kinsus Interconnect Substrate Soars Nearly 6%, Guotai Junan Maintains Buy Rating

KYG Securities Forecasts Kintor's 2025H1 Performance to Benefit from Recovery in Copper-Clad Laminate Demand

STARCOIN GROUP

AE LOGISTICS

GUANZE MEDICAL

WATER INDUSTRY

ZHONGSHI MINAN

IDT INT'L

HAIZHI TECH GP

MANY IDEA CLOUD

FIRST CAP GP

XL2CSOPCOIN-U

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RIDGE OUTDOOR(02720) rose 53.35%, with a trading turnover 90.8 Million HKD, and a year-to-date rose 210.2%. ONEROBOTICS(06600) rose 13.82%, with a trading turnover 82.3 Million HKD, and a year-to-date rose 142%. KB LAMINATES(01888) rose 11.52%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 42.4%.

Top Gainers & Losers

RIDGE OUTDOOR

ONEROBOTICS

KB LAMINATES

CNGR

CNBM

JIAXIN INTL RES

XINXIN MINING

WANGUO GOLD GP

CONCH VENTURE

ZIJIN GOLD INTL

Top 10 HK Stock Gainers (2.11)

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On February 11th, the three major indices of the Hong Kong stock market rose slightly during the session, with the Hang Seng Technology Index leading the gains at 0.74%, showing a narrow range of fluctuations overall. In terms of sectors, the hardware and storage sectors performed strongly, with Xiaomi Group surging 4.38% driven by expectations of AI and new products; the internet sector showed divergence, with Bilibili rising 5.41% and Tencent Holdings falling 1.09%. In terms of individual stocks, Synagistics and Ridge Outdoor soared over 35% due to positive news. The current market is in a macro data vacuum period, with investor sentiment primarily cautious

- On February 11, Hong Kong's stock indices showed a slight overall rise, with investor sentiment remaining cautious amid a lack of macroeconomic data.  
- The Hang Seng Index increased by 0.25%, while the Hang Seng Tech Index led gains at 0.74%, although major indices stayed below recent highs.  
- Market focus shifted towards upcoming retail sales and trade data, as well as inflation and unemployment metrics, which are crucial for assessing economic resilience.

Market Heartbeat

SYNAGISTICS

TENCENT

BILIBILI-W

KUAISHOU-W

XIAOMI-W

LENOVO GROUP

BABA-W

MNSO

JD-SW

SMIC

CAM HS TECH

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hang Seng TECH Index

ISHARESHSTECH

Xiaomi Corporation

CSOP HS TECH

XL2CSOPHSTECH

CAM HS TECH-U

Tianhong Hang Seng TECH ETF(QDII)

XI2CSOPHSTECH

Hong Kong stock market intraday | Hang Seng TECH Index up 0.74%, hardware sector strengthens, Xiaomi surges 4.38%, Tencent down 1.09%

On February 11th, the three major indices of the Hong Kong stock market showed a fluctuating stabilization trend during the trading session, with the Hang Seng Technology Index performing strongly, leading with a rise of 1.05%, indicating a rebound in investor interest in technology growth stocks. The Hang Seng Index slightly increased by 0.21% to 27,239.34 points. Sector performance was notably mixed: the hardware and storage sectors saw widespread gains driven by positive news from Xiaomi's business, with Xiaomi Group rising by 4.55%; the internet sector experienced mixed results, with Bilibili rising over 4% while Tencent saw a slight pullback; the semiconductor sector weakened across the board, with SMIC falling nearly 4%. Additionally, popular stocks Zhihu and Lexin Outdoor showed significant gains. The market is currently focused on the strength of macroeconomic recovery, awaiting further economic data guidance

- On February 11, Hong Kong's main indexes stabilized, with the Hang Seng Index at 27,239.34, rising 0.21%.  
- The Hang Seng Technology Index led with a 1.05% increase, reflecting a recovery in tech stocks, while the Enterprise Index also gained 0.21%.  
- Market focus remains on macroeconomic recovery and liquidity changes, with upcoming trade and retail data essential for assessing domestic demand and export resilience.

HUA HONG SEMI

DRINDA

KNOWLEDGE ATLAS

JLMAG

VanEck Semiconductor ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Direxion Semicon Bull 3X

GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC Hang Seng Technology ETF(QDII)

iShares Semiconductor ETF

SPDR S&P Semicon

Tencent

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Dacheng Hang Seng Technology ETF(QDII)

Guotai CSI Semiconductor Material Equipment Theme ETF

Hang Seng TECH ETF I

Huaan Hang Seng Technology ETF(QDII)

Hong Kong stock market intraday | Hang Seng TECH Index rose 1.05%, Xiaomi Group rose 4.55%, SMIC fell 3.91%

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The Hang Seng Index closed at 27,173 points, up 146 points or 0.5%; the Hang Seng Tech Index reported 5,463 points, up 45 points or 0.8%. Meituan fell over 3%, while YUM CHINA, BOC HONG KONG, HSBC, DAHSING BANK, and KB LAMINATES all reached new highs. Among active stocks, Xiaomi, Alibaba, and Ping An all saw varying degrees of increase. The overall market performance was positive, with some small and medium-sized stocks like China Literature and Fubo Group showing significant gains

AASTOCKS

BOC HONG KONG

YUM CHINA

DAHSING BANKING

MEITUAN

The Hang Seng Index closed at 27,173 points, up 146 points; the Hang Seng Tech Index closed at 5,463 points, up 45 points. Meituan fell over 3%. YUM CHINA, BOC HONG KONG, HSBC, DAHSING BANKING, and KB LAMINATES reached new highs

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CITIC Securities research report points out that the price of copper-clad laminates is expected to continue to rise, with more than 10 percentage points of improvement space in gross profit margin. By analyzing historical cycles and current market conditions, it believes that the future performance and stock price elasticity of relevant leading companies are worth looking forward to

Wallstreetcn

CITIC SEC

CITIC Securities Co., Ltd.

CITIC Securities: Copper-clad laminates are expected to continue to rise in price, optimistic about the subsequent gross margin and performance elasticity

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KINGBOARD LAMINATES (1888.HK) has recently seen a continuous rebound in its stock price, with a moderate increase in trading volume yesterday, and the K-line successfully closed above the 5-day and 10-day moving averages. Technically, the daily MACD has formed a golden cross, and a short-term bullish pattern has been initially established. There is a noticeable inflow of bullish funds, and buying enthusiasm is recovering, with the market trend gradually entering a right-side trend. However, it is worth noting that the stock price is approaching the key resistance level of previous highs, and in this sensitive range, historical holders have a strong willingness to break even. If selling pressure emerges during the session, it may lead to a new round of volatility. Currently, the overall market risk appetite is stable, and the electronic circuit board sector is gradually becoming active. KINGBOARD LAMINATES previously benefited from the stabilization of raw material prices and the recovery of downstream demand, with performance expectations attracting some long-term funds to enter. There are no significant negative news pressures, and the short-term trend is expected to continue. However, as the stock price approaches previous highs, a large amount of breakeven and floating profit shares may be sold at any time, and the market will face a certain "tug-of-war." In terms of technical indicators, the MACD momentum bars are gradually expanding after the golden cross, and the 5-day moving average plays a key support role. If today's trading volume continues to moderately increase and maintains above the 5-day and 10-day lines, there is a short-term expectation to further challenge the resistance zone; conversely, if the volume decreases and breakeven shares are concentratedly released, caution is needed for a pullback to support before entering a high-level consolidation. Investors should closely monitor the intraday fluctuations and pay attention to signals of main force lifting and large sell orders

Technical Forecast

KINGBOARD HLDG

Morning Trend | KINGBOARD HLDG (1888.HK) Approaches Key Resistance Level, Will Intraday Unwinding Bring a New Round of Volatility?

Guotai Haitong analyst maintained a Buy rating on Kingboard Laminates Holdings yesterday and set a price target of HK$20.00. The company’s shares closed today at HK$13.36.Claim 70% Off TipRanks This Holiday SeasonUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kingboard Laminates Holdings with a HK$19.75 average price target.

Tip Ranks

Guotai Haitong Reaffirms Their Buy Rating on Kingboard Laminates Holdings (1888)

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Goldman Sachs released a report listing a Hong Kong stock portfolio with high dividends and growth potential in the Asia-Pacific region. The selection criteria were stocks with the highest dividend yield over the next 12 months and high expected dividend growth over the next two years. The list includes CIFI Holdings, Bosideng, CHINAHONGQIAO, CONCH VENTURE, China National Building Material, China Power, Chow Tai Fook Jewelry, Weichai Power, SANY INT'L, Greentown China, KB LAMINATES, HARBIN ELECTRIC, Bank of China Hong Kong, and HSBC Holdings

CHINAHONGQIAO

HARBIN ELECTRIC

SANY INT'L

Goldman Sachs lists a thematic portfolio of high-dividend and growth stocks in the Asia-Pacific region (only Hong Kong stocks) (Table)

Citic Securities analyst maintains a Buy rating for Kingboard Laminates Holdings, setting a price target of HK$19.00. Shares closed at HK$11.88. Analysts generally suggest a Strong Buy consensus with an average price target of HK$19.83.

New Buy Rating for Kingboard Laminates Holdings (1888), the Technology Giant

KB LAMINATES (1888.HK) broke through strongly during yesterday's trading session, with the highest point heading straight for the monthly resistance level, causing the entire electronics & PCB sector to become active. Following improvements in downstream orders and a recovery in the semiconductor cycle, the valuation repair of upstream material leaders has been particularly rapid, with funds continuously flowing back into the market attempting to drive prices higher. However, many in the community trading groups have noticed that there is significant selling pressure closely following the large orders pushing prices up, leading to intraday spikes followed by pullbacks. Although trading volume has increased, the atmosphere is characterized by a tug-of-war. 

From a technical perspective, short-term bullish signals remain, but the Bollinger Bands have already pressed against the upper band, indicating that speculation is starting to overheat. The rotation between high and low stocks within the sector continues, suggesting that funds have not yet made a firm decision to fully commit. The driving force from news is more about short-wave macro stimuli and overseas electronic market trends, which are difficult to sustain. Existing funds are engaged in a tug-of-war, and the direction will depend on whether intraday trading volume can continue to support the trend—if the volume shrinks and high-level sell-offs intensify, be cautious of a significant short-term pullback. 

Veteran traders suggest focusing on buying low and selling high during intraday trading, avoiding chasing prices up or down, and tracking the marginal changes in the funding chain. Overall, the atmosphere of electronic recovery is present, with the critical point hinging on "whether volume can continue to increase." Whether the main upward trend can hold will be determined within a day!

Morning Trend | KB LAMINATES Approaches Retracement Point, How Long Can the Electronic Leaders Maintain Their Surge?

KB LAMINATES' stock price rose by more than 6%, with an increase of 6.61% as of the time of publication, trading at HKD 14.18, with a transaction volume of HKD 437 million. The overall performance of the PCB industry chain is experiencing high growth, with the expansion trend transmitting to upstream equipment and materials, and an AI-driven high-end transformation is underway. Guojin Securities and Guotai Junan Securities are both optimistic about the company's performance growth, believing that product upgrades and the price increase of copper-clad laminates will drive performance improvement. Kaiyuan Securities pointed out that the company has developed high-end copper foil and will launch multiple high-end glass fiber production lines in the future

Zhitong

Understanding the Market | KB LAMINATES Rises Over 6% as PCB Industry Chain Shows Upward Trend; Institutions Optimistic About Its Performance Growth Potential

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KB LAMINATES rose over 5% during trading, and as of the time of writing, it is up 4.02%, priced at HKD 12.95, with a transaction volume of HKD 160 million. SYE expects its revenue in the first three quarters of 2025 to grow by 108% to 121% year-on-year, with net profit attributable to the parent company expected to increase by 476% to 519% year-on-year. The development of the AI industry supports the growth of the PCB market, with a projected global PCB market value growth of 7.6% in 2025. Dongxing Securities pointed out that the rising demand for PCBs and high raw material prices will improve CCL profit margins, driving performance releases in the second half of the year. KB LAMINATES has developed high-end copper foil, which is expected to further enhance performance in the future

Understanding the Market | KB LAMINATES rose over 5% during trading as AI industry development supports PCB market growth; institutions are optimistic about its benefits from price increases in the second half of the year

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In a challenging market environment, the Hang Seng Index closed down 1.73%. U.S. stocks rebounded positively as the Trump administration took measures to soothe the market. OpenAI reached a strategic cooperation with Broadcom, expecting to gain over 30GW of computing power support in the next decade. U.S. tech stocks performed strongly, with Taiwan Semiconductor rising nearly 8%. Hong Kong stocks saw InnoCare rise nearly 5% and KB LAMINATES rise nearly 3%. However, Wingtech was affected by concerns over technology transfer from the Dutch government, leading to a decline in tech chip stocks

- The markets faced challenges, with the Hang Seng Index dropping 1.73%, while U.S. stocks rebounded due to government interventions and easing tensions between China and the U.S.  
- OpenAI and Broadcom announced a strategic partnership to develop custom chips, expected to enhance OpenAI's capabilities significantly.  
- Meanwhile, Dutch government actions against semiconductor firms have raised concerns in the Chinese tech sector, leading to significant stock declines in related companies.

Taiwan Semiconductor

GX CN SEMICON

Destiny Tech100

Wingtech

Zhitong Hong Kong Stock Analysis | Wingtech's event impacts sentiment, technology still looks at new KaiLai

CI-KBLH@EC2610A(16544.HK)

Top 10 HK Stock Gainers (2.11)

Hong Kong stock market intraday | Hang Seng TECH Index up 0.74%, hardware sector strengthens, Xiaomi surges 4.38%, Tencent down 1.09%

Hong Kong stock market intraday | Hang Seng TECH Index rose 1.05%, Xiaomi Group rose 4.55%, SMIC fell 3.91%

The Hang Seng Index closed at 27,173 points, up 146 points; the Hang Seng Tech Index closed at 5,463 points, up 45 points. Meituan fell over 3%. YUM CHINA, BOC HONG KONG, HSBC, DAHSING BANKING, and KB LAMINATES reached new highs

CITIC Securities: Copper-clad laminates are expected to continue to rise in price, optimistic about the subsequent gross margin and performance elasticity