HK Stock Market Move | PRODUCTIVE TECH (00650) rose by nearly 15%, with a cumulative increase of more than 1.7 times this month. Institutions expect the company to reach a profit turning point in the 2027 fiscal year.

PRODUCTIVE TECH (00650) has risen by nearly 15%, with a cumulative increase of over 170% this month. As of the time of reporting, it has increased by 13.11% to 0.69 Hong Kong dollars, with a trading volume of 17.2712 million Hong Kong dollars. On the news front, according to the data released by SEMI for the first quarter of 2026, the global semiconductor equipment market is estimated to reach 124 billion US dollars in 2026, an increase of 18.2% year-on-year. The core driver of growth has shifted from expanding production capacity in advanced processes to mature processes, specialty processes, third-generation semiconductors, and advanced packaging. Huaxin Securities pointed out that considering the company's semiconductor equipment is in the early stages of introducing new products (LPCVD, slot cleaning) to the market and the company's advantages in the two key areas of high-end semiconductor cleaning and thin film deposition; with the large-scale verification of equipment in wafer fabs and transitioning to mass delivery, the company is expected to reach a turning point in profitability in the 2027 fiscal year, with profit margins entering an upward trend. It is expected that the company's net profit margin will see a significant increase in the future. We are optimistic about the company's long-term growth prospects, initiating coverage and giving the company a "buy" rating.