同仁堂醫養(02667.HK)上市首日跌超30%，成交額超7000萬港元。

Citigroup said Kingboard Laminates (01888.HK) announced price increases above expectations and raised earnings forecasts, lifting its PT to HK$130 from HK$120 while retaining a Buy rating. The bank said recent share weakness reflects rotation out of high-valuation AI hardware into non-tech, Meta selling excess compute and a sell-down by largest shareholder Hallgain, but views the pullback as a buying opportunity. Key catalysts include potentially stronger-than-expected average selling prices for electronic fiberglass cloth, which could produce a 1H earnings beat and prompt upward revisions after 1H results. Citigroup raised 2026-28 profit forecasts by 11-12% to about 9.61 bln yuan, 14.28 bln yuan and 19.52 bln yuan. The stock is on Citigroup’s upside-catalyst watchlist, expiring Aug. 2.

Capital Economics economist Andrew Kenningham says strong retail prints last week and a 0.9% MoM rise in May industrial production indicate Germany may have weathered the Iran war shock and could post Q2 GDP expansion. He cautions the industrial gain is chiefly auto production‑led and, given sector headwinds, that momentum is unlikely to persist; manufacturing’s share of the economy is likely to decline over the medium term.