Kingboard Holdings Ltd

MSCI announced the results of its August 2026 index review, adding 33 Chinese companies, including artificial intelligence giant Zhipu AI, to the MSCI China Index, effective after the market close on August 31. The move reflects global funds' interest in China's technology and AI sectors. Beijing-based Zhipu AI was among the three largest new additions by market capitalization to the MSCI Emerging Markets Index in this round. The 33 Chinese companies added include 31 A-share stocks such as Guangdong Fenghua Advanced Technology Holdings and Kingsemi, as well as Hong Kong-listed Zhipu AI and Kingboard Holdings. At the same time, MSCI removed 32 Chinese companies from the index in this review. The additions mean passive funds worldwide that track the MSCI China Index will need to buy the new stocks to rebalance their portfolios on August 31. Analysts said the additions reflect the growing influence of Chinese technology and hard-tech companies in global benchmark indices, while foreign capital continues to increase its allocation to Chinese assets.

On August 4, PCB concept stocks rebounded in choppy trading, with Zhongjing Electronics and Xintong Electronics hitting their daily limit up in a straight line. A Citigroup research report shows that electronic glass fabric prices posted their largest single-month increase of the year in August, with the average price of the 1080, 2116, and 7628 series rising 17% to 18%, and cumulative gains of 118% to 165% for the year. GF Securities estimates that under a neutral scenario in 2026, the supply gap for ordinary electronic glass fabric will be approximately 113 million meters, and current industry-wide inventory is at historically extremely low levels. In terms of news, AI power supplies are squeezing traditional supply, with costs being passed on to copper-clad laminates. Kingboard's August spot price for copper-clad laminates including tax may be raised by another 10% to 15%.

Yum China reported a 13.5% year-on-year increase in net profit for the April–June quarter of 2026, reaching 244 million US dollars, slightly exceeding the FactSet market consensus estimate of 241 million US dollars. Revenue rose 12.6% to 3.138 billion US dollars. Meanwhile, Kingboard Holdings announced after the market close on the 30th that its net profit for the June 2026 interim period is expected to exceed 2.7 billion Hong Kong dollars, up more than 4% year-on-year. In addition, Xinyi Glass will release its June 2026 interim results today, with the FactSet market consensus forecast showing revenue of 9.232 billion yuan and net profit of 700 million yuan.