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The Three-year Shareholder Returns and Company Earnings Persist Lower as Kingboard Holdings (HKG:148) Stock Falls a Further 7.6% in Past Week
Hong Kong stock concept tracking | Many PCB manufacturers' semi-annual report forecasts continue to show high growth! The industry is expected to usher in an opportunity for both volume and price to rise (with concept stocks).
Recently, multiple PCB manufacturers have disclosed performance forecasts for H1 2024. On average, Olympic Circuit Technology, Shenzhen Kinwong Electronic and Guanghe Technology's net income attributable to the parent company in the first half of the year increased significantly year-on-year by 51%, 66% and 96%, respectively, continuing the trend of high growth in Q1, and their performance has been outstanding.
Investors Could Be Concerned With Kingboard Holdings' (HKG:148) Returns On Capital
Hong Kong Stock Market Changes | PCB Industry Prosperity Goes Up, Kingboard Hldg (00148) and KB Laminates (01888) Rose Over 5%.
Zhī tōng cǎijīng APP learned that this morning, Kingboard shares rose. As of press time, Kingboard HDLG (00148) rose 5.61% to HKD 18.84; KB Laminates (01888) rose 5.13% to HKD 8.6. On the news side, since the beginning of this year, benefiting from downstream demand for AI servers, 5G, cloud computing, autos, and other industries, the PCB industry has accelerated its recovery. On July 3rd, Shenzhen Kinwong Electronic Co., Ltd. announced its performance forecast for the first half of 2024, with an expected net income attributable to shareholders of RMB 638 million to RMB 702 million, a YoY growth of approximately 57.94% to 73.74%. Recently, Shennan Circuits also stated that the company
Hong Kong stock concept tracking: Multiple companies reveal downstream demand growth, the PCB industry's prosperity is trending upwards. (Attached concept stocks)
Since the beginning of this year, the PCB industry has accelerated its recovery due to the continuous strong downstream demand of AI servers, 5G, cloud computing, autos and other industries, showing features such as 'not light in off-season' and good industry development trends . In the first half of 2024, the global macro economy is recovering moderately, the demand for electronic information products market is improving, the company seizes the opportunity, further improves its business development efficiency, achieves good overall business growth, continuously improves its product share in different markets as well as efficient expansion, and delivers lots of pinpoint projects to meet intense customer demand, thereby continuing the trend of increasing capacity utilization rate and maintaining a high level. - Jingwang Electronics CFO Office
Is Kingboard Holdings Limited (HKG:148) Potentially Undervalued?
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