
AI PCB Sector Sought After; KINGBOARD HLDG , VGT Hit Record Highs; Citi Lifts KINGBOARD HLDG TP to HKD65, Reiterates Buy

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The AI PCB sector is experiencing significant interest, with KINGBOARD HLDGreaching a record high of HKD55.95, up 7.14%. Its subsidiary, KB LAMINATES, also saw gains, while newly listed VGThit a post-listing high of HKD390. Citi raised its price target for KINGBOARD HLDG to HKD65 and increased earnings forecasts for 2026-2028 by 50% to 61%, citing a shift towards laminates in earnings contribution. Citi maintains a Buy rating, suggesting KINGBOARD HLDG as a strong investment opportunity.
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