Chinese Investors Double Stake as Kingboard Shares Surge 570% in AI Rally

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Chinese investors have more than doubled their stake in Kingboard Laminates Holdings to 13% this year, while the company’s shares have surged about 570% since the start of January. On Wednesday, Kingboard’s turnover jumped to HK$26 billion, or $3.3 billion, making it the most actively traded stock in Hong Kong and accounting for about 10% of total market turnover. Southbound investors were aggressive buyers, with net buying through the channel reaching HK$3.9 billion on Wednesday. The rally paused slightly on Thursday, with shares slipping 0.7% to HK$87.95 after hitting a record intraday high of HK$91.80 on Wednesday, compared with HK$13.19 at the end of last year. Analysts have lifted profit forecasts on stronger pricing power, with Citigroup analysts saying Kingboard could possibly double its net margins in the first half of 2026 from a year earlier.

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