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Summary: Kingboard Chemical Holdings Ltd. Jun 11 Product Image

Summary: Kingboard Chemical Holdings Ltd. Jun 11

  • Published: June 2011
  • Standard & Poors

The rating on Hong Kong-based laminate and printed circuit board (PCB) manufacturer, Kingboard Chemical Holdings Ltd., reflects the company's leading market positions, its vertically integrated model and low-cost production base in China, and its diversified product offerings and customer base. Kingboard's limited operating track record in China's cyclical and competitive real estate sector, its exposure to cyclical end-product markets, and potential margin compression temper its strengths. Kingboard's strong market position in two segments support our view of its satisfactory business risk profile. We expect the company's vertically integrated model and low-cost base in China to again make it one of the biggest players in the global laminate market and China's PCB sector in terms of sales this year. In 2010,...

Companies mentioned in this report are: Kingboard Chemical Holdings Ltd.
Action: Review

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Kingboard Chemical Holdings Ltd.

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