HK Stock Market Move | Victory Giant Technology (02476) is currently down more than 4%. The company has responded saying that the information of "failed price negotiations" is not true.

PCB concept stocks have been adjusting continuously for the past two days, with Victory Giant Technology (02476) falling by over 6% again today. As of the time of writing, it is down by 4.35%, trading at HK$339 with a turnover of HK$10.78 billion. On the news front, there were reports recently that the "PCB major factories failed to negotiate price increases," and this was linked to the sharp drop in Victory Giant Technology's stock price yesterday, attracting market attention. According to 21st Century Business Herald, at noon on May 15th, a journalist called Victory Giant Technology as an investor and a company operator responded, "That (rumored news) is just a short essay, it's not true information. There are many factors affecting stock price fluctuations, as you can see today there is a certain degree of overall PCB pullback." As for the market's concern about the pressure of transmitting upstream raw material prices, the aforementioned staff member stated that although the prices of upstream raw materials such as copper foil, resin, and glass fiber cloth have increased to some extent, the profitability of CCL itself, as a high-frequency high-speed material, is relatively strong (able to better absorb this cost pressure).