00148 Overview

KB Laminates Performance: KB Laminates (01888.HK) opened 2.06% higher, peaked at HKD22.76, and last traded at HKD22.72, reflecting an 11.48% increase with significant trading volume.

Kingboard Holdings Performance: Kingboard Holdings (00148.HK) rose 5.49% to HKD38.84, with a trading volume of 5.541 million shares, following a positive profit alert.

Profit Alerts: Both KB Laminates and Kingboard Holdings issued positive profit forecasts, with KB Laminates expecting over 80% YoY growth in net profit to over HKD2.39 billion, and Kingboard predicting a 165% YoY increase to over HKD4.32 billion.

Short Selling Data: Short selling for KB Laminates was reported at $11.68 million with a ratio of 2.776%, while Kingboard had $6.65 million in short selling with a ratio of 3.255%.

Company Overview: KINGBOARD HLDG (00148.HK) has reported a significant increase in its stock price, rising by 2.629% to +0.920.

Profit Forecast: The company has issued a positive profit alert, projecting a net profit increase of over 165% year-on-year for the year ending December 2025, exceeding HKD 4.32 billion.

Short Selling Activity: There has been short selling activity amounting to $2.31 million, with a short selling ratio of 4.958%.

Market Implications: The positive profit outlook may influence investor sentiment and trading strategies related to KINGBOARD HLDG's stock.

Winding-up Petition Filed: In 2024, a subsidiary of KINGBOARD HLDG filed a winding-up petition against COUNTRY GARDEN.

Court Hearing Outcome: The High Court dismissed the petition during a hearing on the 16th, as COUNTRY GARDEN did not send a lawyer to represent them.

Launch of New Index: Hang Seng Indexes Company has introduced the Hang Seng SCHK Electronics Theme Index, which tracks the performance of Hong Kong-listed companies in the electronics sector eligible for Southbound trading under the Stock Connect scheme.

Constituents and Review: The index comprises 40 constituents, representing the largest market cap companies in the electronics theme, and is reviewed semi-annually with quarterly adjustments to weightings.

Current Constituents: Notable companies included in the index are TCL Electronics, Xiaomi, and SMIC, among others, with varying short selling ratios reported.

Market Activity: The article provides detailed short selling data for various constituents, indicating market activity and investor sentiment towards these stocks.

HKEX Tech 100 Index Launch: HKEX has introduced the HKEX Tech 100 Index, its first Hong Kong equity index, which tracks 100 major Hong Kong-listed companies across six innovative sectors, including AI and biotech.

Accessibility for Investors: The index allows for Stock Connect Southbound trading, making it accessible to both global and Chinese Mainland investors, and includes a fast-entry mechanism for newly-listed companies.

Short Selling Data: The article provides detailed short selling data for various companies within the index, highlighting significant short selling ratios for several constituents.

Market Performance: The report includes stock performance changes for various companies, indicating fluctuations in share prices alongside their respective short selling activities.

Company Performance: KB LAMINATES reported a 28% increase in net profit for 1H25, reaching HKD933 million, which aligns with Citi's forecast.

Core Earnings Insight: The company's core earnings grew by only 10% year-over-year to HKD860 million, falling short of expectations due to rising costs outpacing average selling prices.

Target Price Adjustment: Citi raised its target price for KB LAMINATES from HKD14 to HKD20.5, anticipating the company's entry into Nvidia's supply chain by the end of 2025.

Stock Preference Shift: Citi has shifted its stock preference within the Chinese copper-clad laminate supply chain from SYTECH to KB LAMINATES, indicating a strategic change in investment focus.