On May 26, Kingboard Laminates rose 4.5% in regular trading, trading at HK$54.4/share with trading volume of HK$422 million, extending its recent strong momentum.

On the news front, the copper-clad laminate (CCL) industry continues to experience acute supply-demand tightness. Korean PCB manufacturers, driven by supply disruption concerns, have placed extraordinary pre-purchase orders with Chinese CCL producers, with delivery cycles for certain high-end products extending beyond six weeks. The company previously announced two rounds of 10% price hikes across all CCL products in April, accumulating over 40% in total increases, demonstrating robust pricing power and cost pass-through capability. Additionally, AI computing upgrades are fueling PCB demand, as NVIDIA's next-generation Rubin architecture adopts PCB midplane and orthogonal backplane solutions replacing traditional copper cables, generating significant incremental demand for the industry. Peer stocks including Kingboard Holdings rose 3.77% on the day, reflecting broad sector strength.

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