Citi's analyst rating for KINGBOARD HLDG is based on the recent share price decline due to a major shareholder's significant stake reduction. Despite this short-term weakness, Citi sees it as a buying opportunity, highlighting the company's strong fundamentals and vertical integration advantages in the PCB industry. They believe that the company can raise its average selling prices and expect earnings upgrades for FY2026-FY2027, maintaining a Buy rating with a target price of HKD202.
