HK Stock Market Move | TIANLI HOLDINGS (00117) rises by over 23% again, increasing by 11 times this month. MLCC industry shows clear price reversal signals.

TIANLI HOLDINGS (00117) rose by over 23%, with a cumulative increase of over 1100% this month. As of the time of writing, it has increased by 19.74%, reaching HK$4.67, with a trading volume of HK$95.21 million. According to Caixin, the MLCC industry is showing the clearest price reversal signal in nearly three years. International manufacturers Murata and Sunlord have raised prices in April and May, with domestic manufacturers following suit. A source in the domestic MLCC industry chain revealed to Caixin that prices of mid-low-end consumer-grade products have increased by around 20% recently, and there are reports of stockpiling by distributors. Industrial analysts pointed out that due to slow industry growth in recent years, mainstream players are cautious about expanding production. Due to limitations in equipment and raw materials, it is difficult to quickly increase new production capacity in the short term. It is projected that the industry supply-demand relationship will be tighter in the second half of the year, leading to a significant gap in the coming years. Currently, global key players have achieved high capacity utilization rates, with some players initiating price hikes. It is believed that a new upward cycle has begun. It is recommended to pay attention to leading domestic MLCC company Chaozhou Three-Circle (Group), as well as Guangdong Fenghua Advanced Technology, upstream suppliers Zhejiang Jiemei Electronic And Technology, and TIANLI HOLDINGS.